Greenfield Savings Bank Has $4.03 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Greenfield Savings Bank trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,982 shares of the home improvement retailer’s stock after selling 78 shares during the period. Home Depot makes up 2.0% of Greenfield Savings Bank’s investment portfolio, making the stock its 9th largest holding. Greenfield Savings Bank’s holdings in Home Depot were worth $4,025,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Home Depot by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer’s stock worth $37,251,142,000 after acquiring an additional 875,836 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer’s stock valued at $8,525,046,000 after purchasing an additional 257,036 shares during the period. Norges Bank bought a new position in shares of Home Depot during the 4th quarter worth about $5,032,910,000. Capital Research Global Investors boosted its position in shares of Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer’s stock worth $4,845,098,000 after purchasing an additional 647,552 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after buying an additional 1,424,857 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 1.5%

Shares of HD stock opened at $373.37 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $371.48 billion, a P/E ratio of 25.37, a PEG ratio of 4.03 and a beta of 1.05. The company has a 50 day moving average of $361.24 and a 200-day moving average of $385.37. The Home Depot, Inc. has a 12-month low of $323.93 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS 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 business had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. During the same quarter in the previous year, the company posted $3.63 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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 issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Thursday, June 5th. Home Depot’s payout ratio is presently 62.42%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Robert W. Baird cut their target price on Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Telsey Advisory Group restated an “outperform” rating on shares of Home Depot in a research note on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven equities 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Home Depot 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.