Cullen Frost Bankers Inc. Purchases 1,510 Shares of The Home Depot, Inc. (NYSE:HD)

Cullen Frost Bankers Inc. grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,412 shares of the home improvement retailer's stock after purchasing an additional 1,510 shares during the period. Home Depot makes up 1.1% of Cullen Frost Bankers Inc.'s holdings, making the stock its 26th largest position. Cullen Frost Bankers Inc.'s holdings in Home Depot were worth $76,747,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Hurlow Wealth Management Group Inc. boosted its position in shares of Home Depot by 1.3% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock worth $831,000 after purchasing an additional 27 shares in the last quarter. Invst LLC boosted its position in shares of Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after purchasing an additional 28 shares in the last quarter. Financial Insights Inc. lifted its position in Home Depot by 3.3% in the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after acquiring an additional 28 shares in the last quarter. Wayfinding Financial LLC increased its stake in Home Depot by 1.2% in the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the last quarter. Finally, Pure Portfolios Holdings LLC increased its stake in Home Depot by 4.7% in the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.3%

Home Depot stock traded down $1.16 during midday trading on Friday, hitting $357.88. 1,145,812 shares of the stock were exchanged, compared to its average volume of 3,426,470. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market capitalization of $356.06 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The business's 50-day moving average price is $366.09 and its 200-day moving average price is $374.69. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

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 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 analysts' expectations of $39.24 billion. During the same quarter last year, the firm posted $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, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the business's 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 transaction, the executive vice president directly owned 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HD. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Evercore ISI set a $400.00 price target on Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. DA Davidson reduced their price target on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Gordon Haskett lifted their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Jefferies Financial Group reduced their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average 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.