Delta Capital Management LLC Reduces Position in The Home Depot, Inc. (NYSE:HD)

Delta Capital Management LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,240 shares of the home improvement retailer’s stock after selling 270 shares during the period. Home Depot comprises approximately 1.5% of Delta Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Delta Capital Management LLC’s holdings in Home Depot were worth $3,753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Group Ltd. lifted its holdings in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after buying an additional 27 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Home Depot during the fourth quarter worth $281,000. Capital & Planning LLC increased its position in shares of Home Depot by 110.2% during the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock worth $418,000 after purchasing an additional 563 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Home Depot by 0.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer’s stock worth $1,765,000 after purchasing an additional 32 shares in the last quarter. Finally, Brighton Jones LLC increased its position in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now owns 17,367 shares of the company’s stock, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $362.99 on Friday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month 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 firm has a market capitalization of $361.15 billion, a P/E ratio of 24.66, a P/E/G ratio of 4.03 and a beta of 1.02. The company’s fifty day moving average price is $362.33 and its two-hundred day moving average price is $383.33.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share 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. Stockholders of record on Thursday, June 5th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.53%. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $415.00 price target (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Gordon Haskett raised their price target on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price 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.