The Home Depot, Inc. (NYSE:HD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,158,546 shares of the home improvement retailer's stock after selling 144,274 shares during the period. Home Depot makes up 0.6% of Bank of New York Mellon Corp's portfolio, making the stock its 22nd largest position. Bank of New York Mellon Corp owned 0.82% of Home Depot worth $2,990,025,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wealth Management Partners LLC raised its stake in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Home Depot by 19.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock worth $9,242,000 after buying an additional 3,873 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its stake in Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares during the last quarter. Disciplined Investors L.L.C. bought a new stake in Home Depot in the 4th quarter worth about $409,000. Finally, ARS Wealth Advisors Group LLC lifted its position in Home Depot by 0.8% during the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after purchasing an additional 239 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Home Depot Stock Down 0.1%

Home Depot stock traded down $0.49 during mid-day trading on Friday, hitting $371.36. The company had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,198. 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 1 year low of $326.31 and a 1 year high of $439.37. The business has a fifty day moving average of $365.14 and a 200 day moving average of $376.33. The stock has a market cap of $369.47 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the company earned $3.63 earnings per share. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HD. Robert W. Baird lowered 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. Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a report on Monday, June 30th. Finally, Gordon Haskett upped their price objective on Home Depot from $350.00 to $360.00 in a report 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.