Manning & Napier Advisors LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Manning & Napier Advisors LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 21,235 shares of the home improvement retailer's stock after selling 2,324 shares during the period. Manning & Napier Advisors LLC's holdings in Home Depot were worth $7,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. K.J. Harrison & Partners Inc grew its position in Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after buying an additional 3,590 shares during the period. Wealth Management Partners LLC boosted its stake in shares of Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after acquiring an additional 36 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Home Depot by 19.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after acquiring an additional 3,873 shares during the period. Disciplined Investors L.L.C. acquired a new stake in shares of Home Depot during the 4th quarter valued at about $409,000. Finally, ARS Wealth Advisors Group LLC increased its stake in shares of Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's 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 transaction, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% 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 Trading Up 0.5%

Home Depot stock traded up $1.84 during midday trading on Thursday, hitting $363.70. 3,184,311 shares of the stock were exchanged, compared to its average volume of 3,421,245. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The stock's 50-day simple moving average is $363.28 and its 200 day simple moving average is $378.21. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market capitalization of $361.85 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 3.44 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the business earned $3.63 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.53%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Analyst Ratings Changes

Several analysts have commented on HD shares. Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Evercore ISI set a $400.00 target price on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada cut their price target 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. Wells Fargo & Company reduced their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, TD Securities downgraded shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.