Greenleaf Trust Buys 2,093 Shares of The Home Depot, Inc. (NYSE:HD)

Greenleaf Trust boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 4.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 44,458 shares of the home improvement retailer’s stock after buying an additional 2,093 shares during the period. Greenleaf Trust’s holdings in Home Depot were worth $16,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CapWealth Advisors LLC boosted its position in Home Depot by 1.2% during the first quarter. CapWealth Advisors LLC now owns 26,449 shares of the home improvement retailer’s stock worth $9,693,000 after purchasing an additional 302 shares in the last quarter. Liberty One Investment Management LLC grew its holdings in shares of Home Depot by 6.6% during the 1st quarter. Liberty One Investment Management LLC now owns 12,905 shares of the home improvement retailer’s stock worth $4,729,000 after purchasing an additional 803 shares during the period. Stratos Investment Management LLC lifted its position in Home Depot by 15.0% in the first quarter. Stratos Investment Management LLC now owns 25,025 shares of the home improvement retailer’s stock valued at $9,172,000 after buying an additional 3,258 shares during the last quarter. Black Diamond Financial LLC lifted its stake in Home Depot by 11.9% during the first quarter. Black Diamond Financial LLC now owns 873 shares of the home improvement retailer’s stock worth $320,000 after purchasing an additional 93 shares in the last quarter. Finally, Hourglass Capital LLC grew its holdings in shares of Home Depot by 0.3% in the first quarter. Hourglass Capital LLC now owns 15,376 shares of the home improvement retailer’s stock valued at $5,635,000 after purchasing an additional 45 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were 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 directly owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the 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 directly owned 17,367 shares of the company’s stock, 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. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Home Depot stock opened at $367.45 on Wednesday. The company has a market cap of $365.59 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00. The firm’s 50 day simple moving average is $365.52 and its 200-day simple moving average is $375.92. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the business earned $3.63 earnings per share. Home Depot’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was 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%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HD. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Jefferies Financial Group lowered their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the company an “overweight” rating in a report on Monday, June 30th. Mizuho decreased their target price on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Finally, DA Davidson reduced their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently 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.