Mitchell Sinkler & Starr PA Has $9.51 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Key Points

• Mitchell Sinkler & Starr PA reduced its stake in Home Depot by 4.4%, now owning 25,949 shares valued at $9.51 million, representing 2.7% of its total holdings.
• Insider Activity: Two executives, Teresa Wynn Roseborough and Fahim Siddiqui, sold portions of their shares, decreasing their positions by 23.74% and 24.64%, respectively.
• Home Depot's latest quarterly earnings showed a 9.4% revenue increase year-over-year, though earnings per share fell short of estimates, reporting $3.56 compared to a consensus of $3.59.

Mitchell Sinkler & Starr PA cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,949 shares of the home improvement retailer's stock after selling 1,183 shares during the quarter. Home Depot makes up 2.7% of Mitchell Sinkler & Starr PA's holdings, making the stock its 7th biggest holding. Mitchell Sinkler & Starr PA's holdings in Home Depot were worth $9,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Navigoe LLC bought a new stake in Home Depot during the 4th quarter worth $29,000. Abound Financial LLC acquired a new stake in shares of Home Depot during the first quarter valued at about $31,000. Quarry LP grew its holdings in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after buying an additional 46 shares during the period. Finally, Quest 10 Wealth Builders Inc. increased its stake in shares of Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after buying an additional 30 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HD shares. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Monday, June 30th. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price target (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson lowered their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and upped their price target for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated 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 owned 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Down 0.6%

HD stock traded down $2.36 during midday trading on Thursday, reaching $369.73. 1,357,657 shares of the company's stock traded hands, compared to its average volume of 3,533,693. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The firm's fifty day moving average price is $365.60 and its 200-day moving average price is $373.68. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a market cap of $367.85 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS 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 business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

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.