Legacy Private Trust Co. Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

Legacy Private Trust Co. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,217 shares of the home improvement retailer's stock after acquiring an additional 1,450 shares during the period. Legacy Private Trust Co.'s holdings in Home Depot were worth $3,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of Home Depot by 25.5% during the 1st quarter. Versant Capital Management Inc now owns 8,219 shares of the home improvement retailer's stock valued at $3,012,000 after purchasing an additional 1,672 shares during the last quarter. First Citizens Financial Corp raised its holdings in Home Depot by 1.0% during the 1st quarter. First Citizens Financial Corp now owns 5,373 shares of the home improvement retailer's stock valued at $1,969,000 after buying an additional 52 shares during the period. Insight Wealth Strategies LLC increased its stake in Home Depot by 1.0% in the first quarter. Insight Wealth Strategies LLC now owns 11,608 shares of the home improvement retailer's stock worth $4,254,000 after purchasing an additional 118 shares during the period. Lederer & Associates Investment Counsel CA increased its stake in Home Depot by 10.7% in the first quarter. Lederer & Associates Investment Counsel CA now owns 2,929 shares of the home improvement retailer's stock worth $1,073,000 after purchasing an additional 284 shares during the period. Finally, Hobart Private Capital LLC increased its stake in Home Depot by 6.7% in the first quarter. Hobart Private Capital LLC now owns 555 shares of the home improvement retailer's stock worth $203,000 after purchasing an additional 35 shares during the period. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HD shares. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and boosted their price objective for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating on shares of Home Depot in a research report on Monday. Royal Bank of Canada decreased their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Finally, Robert W. Baird cut their price target 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-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Trading Up 0.4%

HD traded up $1.61 during trading on Tuesday, reaching $369.57. 1,132,198 shares of the company's stock were exchanged, compared to its average volume of 3,412,823. The company's fifty day moving average price is $361.04 and its 200-day moving average price is $385.45. 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 Home Depot, Inc. has a fifty-two week low of $323.93 and a fifty-two week high of $439.37. The firm has a market capitalization of $367.70 billion, a PE ratio of 25.11, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its 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 company 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% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot's payout ratio is presently 62.42%.

Insiders Place Their Bets

In related news, EVP Fahim Siddiqui sold 2,600 shares of the business's 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 now owns 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 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. Company insiders own 0.10% of the company's stock.

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.