Ballentine Partners LLC Buys 2,057 Shares of The Home Depot, Inc. (NYSE:HD)

Ballentine Partners LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,800 shares of the home improvement retailer's stock after acquiring an additional 2,057 shares during the quarter. Ballentine Partners LLC's holdings in Home Depot were worth $10,188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HD. Navigoe LLC acquired a new stake in Home Depot during the fourth quarter worth about $29,000. Abound Financial LLC acquired a new stake in Home Depot during the first quarter worth about $31,000. Quarry LP grew its stake in 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 buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in Home Depot during the fourth quarter worth about $39,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HD shares. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Monday, June 30th. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and raised their price target for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Robert W. Baird reduced their price target on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price target (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Seven 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's stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Trading Down 0.8%

Home Depot stock traded down $3.15 during mid-day trading on Friday, hitting $370.15. 3,068,031 shares of the stock were exchanged, compared to its average volume of 3,436,129. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm's fifty day simple moving average is $366.14 and its two-hundred day simple moving average is $375.57. The stock has a market capitalization of $368.27 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.55 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the previous year, the business posted $3.63 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.49%. Home Depot's payout ratio is 62.42%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on 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 sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot 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 sale, the executive vice president owned 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.