Lantz Financial LLC Sells 285 Shares of The Home Depot, Inc. (NYSE:HD)

Lantz Financial LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,968 shares of the home improvement retailer’s stock after selling 285 shares during the period. Lantz Financial LLC’s holdings in Home Depot were worth $2,187,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. BTC Capital Management Inc. lifted its holdings in Home Depot by 18.6% during the first quarter. BTC Capital Management Inc. now owns 10,717 shares of the home improvement retailer’s stock valued at $3,928,000 after purchasing an additional 1,681 shares in the last quarter. Legacy Financial Strategies LLC boosted its holdings in Home Depot by 4.0% in the 1st quarter. Legacy Financial Strategies LLC now owns 785 shares of the home improvement retailer’s stock worth $288,000 after buying an additional 30 shares during the period. Doliver Advisors LP boosted its holdings in Home Depot by 3.1% in the 1st quarter. Doliver Advisors LP now owns 3,997 shares of the home improvement retailer’s stock worth $1,465,000 after buying an additional 120 shares during the period. Rothschild Investment LLC boosted its holdings in Home Depot by 1.1% in the 1st quarter. Rothschild Investment LLC now owns 27,430 shares of the home improvement retailer’s stock worth $10,053,000 after buying an additional 302 shares during the period. Finally, Private Client Services LLC boosted its holdings in Home Depot by 5.1% in the 1st quarter. Private Client Services LLC now owns 823 shares of the home improvement retailer’s stock worth $301,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HD. Mizuho dropped their target price on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. DA Davidson lowered their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Finally, TD Securities reissued a “buy” rating and issued a $470.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot Price Performance

NYSE:HD opened at $367.85 on Friday. The firm has a market capitalization of $365.65 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.93 and a 1 year high of $439.37. The business has a 50 day simple moving average of $360.92 and a 200-day simple moving average of $386.04. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Announces Dividend

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

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate 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.