First County Bank CT Sells 2,177 Shares of The Home Depot, Inc. (NYSE:HD)

First County Bank CT trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 42.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,973 shares of the home improvement retailer's stock after selling 2,177 shares during the quarter. First County Bank CT's holdings in Home Depot were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HD. Silvia Mccoll Wealth Management LLC lifted its holdings in Home Depot by 3.0% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 1,637 shares of the home improvement retailer's stock worth $600,000 after purchasing an additional 47 shares during the last quarter. GoalVest Advisory LLC lifted its holdings in Home Depot by 46.3% in the 1st quarter. GoalVest Advisory LLC now owns 430 shares of the home improvement retailer's stock worth $158,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC increased its position in Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after buying an additional 10,210,851 shares during the period. AdvisorNet Financial Inc increased its position in Home Depot by 1.7% in the 1st quarter. AdvisorNet Financial Inc now owns 5,484 shares of the home improvement retailer's stock worth $2,010,000 after buying an additional 92 shares during the period. Finally, Webster Bank N. A. increased its position in Home Depot by 0.9% in the 1st quarter. Webster Bank N. A. now owns 19,838 shares of the home improvement retailer's stock worth $7,270,000 after buying an additional 175 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on HD shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price target (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. TD Securities reaffirmed a "buy" rating and issued a $470.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Royal Bank of Canada dropped their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

Home Depot stock traded down $0.44 on Friday, reaching $367.85. The company's stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,424,960. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $365.65 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. The business's fifty day moving average price is $360.92 and its 200 day moving average price is $385.87. The Home Depot, Inc. has a twelve month low of $323.93 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid 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 (DPR) is presently 62.42%.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's 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 transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. 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 the company's 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 transaction, the executive vice president now directly owns 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 insiders.

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.