Claris Advisors LLC MO Invests $500,000 in The Home Depot, Inc. (NYSE:HD)

Claris Advisors LLC MO purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,364 shares of the home improvement retailer's stock, valued at approximately $500,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Navigoe LLC purchased a new stake in Home Depot in the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $32,000. Quarry LP increased its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $39,000. Finally, NewSquare Capital LLC lifted its stake in Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated 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 owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 0.3%

Shares of NYSE HD traded down $1.07 during mid-day trading on Monday, reaching $353.59. 3,685,345 shares of the company's stock were exchanged, compared to its average volume of 3,409,947. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $351.79 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.03 and a beta of 1.02. The company's 50-day moving average is $362.73 and its 200-day moving average is $382.18. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) 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). The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.60%. Home Depot's dividend payout ratio is presently 62.42%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Gordon Haskett raised their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and raised their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Wells Fargo & Company reduced their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Jefferies Financial Group lowered their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

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.