Deutsche Bank AG Sells 66,814 Shares of The Home Depot, Inc. (NYSE:HD)

Key Points

• Deutsche Bank AG reduced its stake in The Home Depot by 1.6%, selling 66,814 shares, while maintaining a position worth approximately $1.55 billion.
• Other institutional investors, such as Asset Planning Services Inc. and GAMMA Investing LLC, significantly increased their holdings in Home Depot, showcasing a strong interest in the retailer.
• Home Depot recently announced a quarterly dividend of $2.30 per share, resulting in an annualized dividend yield of 2.4%.

Deutsche Bank AG decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,233,347 shares of the home improvement retailer's stock after selling 66,814 shares during the quarter. Home Depot makes up approximately 0.6% of Deutsche Bank AG's holdings, making the stock its 23rd biggest holding. Deutsche Bank AG owned 0.43% of Home Depot worth $1,551,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Navigoe LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $29,000. Abound Financial LLC bought a new position in shares of Home Depot in the first quarter valued at approximately $31,000. Quarry LP boosted its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after acquiring an additional 46 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in shares of Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. Royal Bank Of Canada reduced their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company set a $420.00 target price on shares of Home Depot and gave the stock an "overweight" rating in a report on Monday, June 30th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Insiders Place Their Bets

In related news, 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 value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Up 0.4%

Shares of Home Depot stock traded up $1.60 during midday trading on Friday, reaching $387.77. 2,326,668 shares of the company's stock traded hands, compared to its average volume of 3,127,176. The company has a market cap of $385.80 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. The company's 50 day simple moving average is $367.64 and its 200 day simple moving average is $372.52. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

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 analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.63 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

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.