Kingsman Wealth Management Inc. Purchases Shares of 2,327 The Home Depot, Inc. (NYSE:HD)

Kingsman Wealth Management Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,327 shares of the home improvement retailer's stock, valued at approximately $853,000. Home Depot makes up about 0.6% of Kingsman Wealth Management Inc.'s investment portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Home Depot by 4.9% in 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 during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of Home Depot in the fourth quarter worth $54,000. Sei Investments Co. increased its stake in shares of Home Depot by 2.4% in the fourth quarter. Sei Investments Co. now owns 236,407 shares of the home improvement retailer's stock worth $91,963,000 after buying an additional 5,504 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Home Depot by 21.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,700 shares of the home improvement retailer's stock worth $1,050,000 after buying an additional 470 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.7%

Shares of NYSE HD traded down $2.59 during trading hours on Thursday, hitting $373.76. The stock had a trading volume of 972,895 shares, compared to its average volume of 3,547,293. The company has a market capitalization of $371.86 billion, a P/E ratio of 25.36, a P/E/G ratio of 3.53 and a beta of 1.00. The firm's 50-day moving average price is $365.82 and its two-hundred day moving average price is $374.10. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week 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.

Home Depot (NYSE:HD - Get Free Report) last posted its 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 company had revenue of $39.86 billion during the quarter, compared to analyst estimates 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. Analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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 of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.46%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Jefferies Financial Group lowered their target price on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Robert W. Baird cut their price objective on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Seven investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 value of $1,996,327.68. Following the transaction, the executive vice president 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.

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.