Cerity Partners LLC Has $266.19 Million Stake in The Home Depot, Inc. (NYSE:HD)

Cerity Partners LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 15.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 726,317 shares of the home improvement retailer's stock after purchasing an additional 97,966 shares during the quarter. Home Depot accounts for about 0.5% of Cerity Partners LLC's portfolio, making the stock its 29th largest holding. Cerity Partners LLC owned approximately 0.07% of Home Depot worth $266,188,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. 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 shares of Home Depot during the 1st quarter worth approximately $31,000. Quarry LP boosted its position in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares in the last quarter. Sellwood Investment Partners LLC bought a new position in Home Depot in the fourth quarter valued at approximately $39,000. Finally, Spurstone Advisory Services LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $45,000. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.8%

NYSE HD traded down $3.15 during mid-day trading on Friday, reaching $370.15. 3,068,031 shares of the stock were exchanged, compared to its average volume of 3,436,129. The stock has a market cap of $368.27 billion, a P/E ratio of 25.11, a P/E/G ratio of 3.55 and a beta of 1.00. 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 one year low of $326.31 and a one year high of $439.37. The stock has a 50 day simple moving average of $366.03 and a 200-day simple moving average of $375.75.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.63 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 2.49%. Home Depot's payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. Evercore ISI set a $400.00 price target on Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Guggenheim reissued a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. DA Davidson decreased their price target on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction on 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 directly owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot Company 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.