The Home Depot, Inc. (NYSE:HD) Shares Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 18.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,717 shares of the home improvement retailer's stock after acquiring an additional 1,681 shares during the quarter. BTC Capital Management Inc.'s holdings in Home Depot were worth $3,928,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC bought a new position in shares of Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. purchased a new stake in Home Depot during the 4th quarter valued at about $28,000. Navigoe LLC purchased a new stake in Home Depot during the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the 4th quarter valued at about $32,000. Finally, Quarry LP grew its holdings 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 acquiring an additional 66 shares during the period. Institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other Home Depot 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 sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on 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 directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and raised their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wells Fargo & Company reduced their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating on shares of Home Depot in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Stock Performance

Shares of HD stock traded down $0.43 during trading hours on Monday, hitting $367.86. 2,505,075 shares of the company were exchanged, compared to its average volume of 3,421,269. The firm has a fifty day simple moving average of $360.92 and a 200 day simple moving average of $385.73. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $323.93 and a 52-week high of $439.37. The stock has a market capitalization of $365.99 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 earnings per share. Research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

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.