Moloney Securities Asset Management LLC Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Moloney Securities Asset Management LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,677 shares of the home improvement retailer's stock after selling 1,898 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Home Depot were worth $3,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sollinda Capital Management LLC increased its holdings in shares of Home Depot by 2.5% in the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock valued at $434,000 after purchasing an additional 27 shares during the period. Hurlow Wealth Management Group Inc. increased its holdings in shares of Home Depot by 1.3% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after purchasing an additional 27 shares during the period. Invst LLC increased its holdings in shares of Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after purchasing an additional 28 shares during the period. Financial Insights Inc. increased its holdings in shares of Home Depot by 3.3% in the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after purchasing an additional 28 shares during the period. Finally, Wayfinding Financial LLC increased its holdings in shares of Home Depot by 1.2% in the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after purchasing an additional 28 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's 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 transaction, the executive vice president directly owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.8%

NYSE HD traded down $3.15 during mid-day trading on Friday, reaching $370.15. 3,068,031 shares of the stock were exchanged, compared to its average volume of 3,433,785. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The business's fifty day simple moving average is $366.14 and its 200 day simple moving average is $375.43. The stock has a market capitalization of $368.27 billion, a PE ratio of 25.11, a PEG ratio of 3.52 and a beta of 1.00. 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 announced its 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 last year, the business posted $3.63 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company 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 of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.49%. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. Mizuho dropped their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. TD Securities lowered Home Depot to a "buy" rating in a report on Monday, June 2nd. Sanford C. Bernstein reissued a "market perform" rating and issued a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Jefferies Financial Group dropped their target price on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Gordon Haskett increased their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.