The Home Depot, Inc. (NYSE:HD) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 8.8% during the first quarter, HoldingsChannel.com reports. The fund owned 29,769 shares of the home improvement retailer’s stock after selling 2,867 shares during the period. Boston Common Asset Management LLC’s holdings in Home Depot were worth $10,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc grew its position in Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after buying an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock valued at $9,242,000 after purchasing an additional 3,873 shares during the last quarter. Disciplined Investors L.L.C. acquired a new position in Home Depot during the 4th quarter worth $409,000. JPL Wealth Management LLC acquired a new position in Home Depot during the 4th quarter worth $3,193,000. Finally, Umpqua Bank raised its position in shares of Home Depot by 26.5% during the fourth quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock valued at $2,425,000 after buying an additional 1,294 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HD. DA Davidson lowered their target price on shares of Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Royal Bank of Canada lowered their price objective on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Gordon Haskett raised their target price on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Finally, TD Securities restated a “buy” rating and set a $470.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot Trading Down 0.7%

HD stock opened at $367.81 on Thursday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. 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 company has a market capitalization of $365.61 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. The business has a 50 day simple moving average of $360.70 and a two-hundred day simple moving average of $386.56.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.63 earnings per share. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date 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 presently 62.42%.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

About Home Depot

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.