The Home Depot, Inc. (NYSE:HD) Shares Bought by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,609 shares of the home improvement retailer’s stock after acquiring an additional 244 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Home Depot were worth $11,218,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HD. Pacifica Partners Inc. grew its position in shares of Home Depot by 1.5% during the first quarter. Pacifica Partners Inc. now owns 2,427 shares of the home improvement retailer’s stock worth $863,000 after buying an additional 37 shares in the last quarter. Investors Research Corp grew its position in shares of Home Depot by 13.4% during the first quarter. Investors Research Corp now owns 1,849 shares of the home improvement retailer’s stock worth $678,000 after buying an additional 219 shares in the last quarter. James J. Burns & Company LLC grew its position in shares of Home Depot by 0.5% during the first quarter. James J. Burns & Company LLC now owns 7,937 shares of the home improvement retailer’s stock worth $2,909,000 after buying an additional 37 shares in the last quarter. BTC Capital Management Inc. grew its position in shares of 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 worth $3,928,000 after buying an additional 1,681 shares in the last quarter. Finally, Legacy Financial Strategies LLC grew its position in shares of Home Depot by 4.0% during the first 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 in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $367.85 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37. The stock has a 50 day moving average of $360.92 and a two-hundred day moving average of $386.04. The stock has a market cap of $365.65 billion, a P/E ratio of 24.99, a P/E/G ratio of 4.03 and a beta of 1.05.

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

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HD. Guggenheim reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. KGI Securities raised Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, Wedbush restated an “outperform” rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 completion of the transaction, the executive vice president now owns 7,951 shares of the company’s stock, valued at $2,919,130.14. The trade was a 24.64% 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.