The Home Depot, Inc. (NYSE:HD) Position Increased by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,929 shares of the home improvement retailer’s stock after acquiring an additional 284 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Home Depot were worth $1,073,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Hobart Private Capital LLC increased its stake in shares of Home Depot by 6.7% in the first quarter. Hobart Private Capital LLC now owns 555 shares of the home improvement retailer’s stock worth $203,000 after acquiring an additional 35 shares during the last quarter. Trust Co of the South grew its stake in shares of Home Depot by 1.0% in the first quarter. Trust Co of the South now owns 3,749 shares of the home improvement retailer’s stock worth $1,374,000 after acquiring an additional 36 shares during the last quarter. Modus Advisors LLC raised its position in shares of Home Depot by 1.1% during the first quarter. Modus Advisors LLC now owns 9,344 shares of the home improvement retailer’s stock valued at $3,424,000 after buying an additional 100 shares during the last quarter. First Financial Bank Trust Division grew its holdings in shares of Home Depot by 1.6% during the 1st quarter. First Financial Bank Trust Division now owns 2,866 shares of the home improvement retailer’s stock worth $1,050,000 after purchasing an additional 44 shares in the last quarter. Finally, Milestone Asset Management Group LLC bought a new stake in Home Depot in the 4th quarter valued at $261,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.7%

Home Depot stock opened at $367.81 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market cap of $365.61 billion, a PE ratio of 24.99, a P/E/G ratio of 4.03 and a beta of 1.05. The stock’s fifty day moving average is $360.70 and its two-hundred day moving average is $386.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter last year, the firm earned $3.63 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. Mizuho cut their target price on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research note on Wednesday, May 21st. TD Securities reissued a “buy” rating and set a $470.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Wedbush reiterated an “outperform” rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, DA Davidson dropped their target price on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.