The Home Depot, Inc. (NYSE:HD) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,086 shares of the home improvement retailer's stock after selling 8,282 shares during the quarter. Keybank National Association OH's holdings in Home Depot were worth $151,392,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Group Ltd. increased its holdings in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after acquiring an additional 27 shares during the period. Brighton Jones LLC raised its position in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Snider Financial Group boosted its stake in Home Depot by 90.7% during the fourth quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer's stock valued at $559,000 after buying an additional 683 shares during the period. Bank Pictet & Cie Europe AG grew its position in Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after buying an additional 565 shares in the last quarter. Finally, Global Strategic Investment Solutions LLC grew its position in Home Depot by 13.6% during the fourth quarter. Global Strategic Investment Solutions LLC now owns 2,622 shares of the home improvement retailer's stock worth $1,020,000 after buying an additional 314 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

HD stock traded down $0.49 during trading on Friday, reaching $371.36. The company had a trading volume of 2,573,629 shares, compared to its average volume of 3,438,130. The company has a market cap of $369.47 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 firm has a 50-day simple moving average of $364.86 and a 200-day simple moving average of $376.59.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $39.86 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HD shares. DA Davidson dropped their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Stifel Nicolaus raised shares of 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 note on Wednesday, May 21st. Jefferies Financial Group cut their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. TD Securities cut shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was 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. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.