Matauro LLC Takes $1.43 Million Position in The Home Depot, Inc. (NYSE:HD)

Matauro LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,896 shares of the home improvement retailer's stock, valued at approximately $1,428,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after acquiring an additional 875,836 shares during the period. Geode Capital Management LLC increased its position in Home Depot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after acquiring an additional 257,036 shares during the period. Norges Bank acquired a new position in Home Depot in the 4th quarter valued at approximately $5,032,910,000. Capital Research Global Investors increased its position in Home Depot by 5.5% in the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after acquiring an additional 647,552 shares during the period. Finally, Northern Trust Corp increased its position in Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after acquiring an additional 1,424,857 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. Telsey Advisory Group reissued an "outperform" rating on shares of Home Depot in a research note on Monday, June 2nd. Morgan Stanley reissued an "overweight" rating and set a $415.00 target price (up from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Finally, Royal Bank of Canada cut their target price on shares of 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. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Performance

NYSE:HD traded down $9.06 during trading hours on Friday, reaching $354.10. The company had a trading volume of 3,362,684 shares, compared to its average volume of 3,405,556. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The firm has a market cap of $352.31 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The business's 50 day moving average price is $362.73 and its 200-day moving average price is $382.81. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company 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.