Talbot Financial LLC Has $14.75 Million Position in The Home Depot, Inc. (NYSE:HD)

Talbot Financial LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,461 shares of the home improvement retailer’s stock after acquiring an additional 560 shares during the period. Home Depot comprises about 2.0% of Talbot Financial LLC’s investment portfolio, making the stock its 16th biggest position. Talbot Financial LLC’s holdings in Home Depot were worth $14,753,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bare Financial Services Inc bought a new stake in shares of Home Depot during the fourth quarter worth $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the 4th quarter worth about $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC increased its holdings in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Home Depot in the 4th quarter worth approximately $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HD shares. TD Cowen cut their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Citigroup cut their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Tuesday, May 14th. Finally, UBS Group decreased their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Stock Down 2.3 %

Shares of HD opened at $336.19 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The stock has a market capitalization of $333.37 billion, a PE ratio of 22.55, a P/E/G ratio of 2.38 and a beta of 0.99. The firm’s 50 day moving average is $338.51 and its 200-day moving average is $352.80. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.82 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.68%. Home Depot’s payout ratio is 60.36%.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.