Rockland Trust Co. Sells 3,151 Shares of The Home Depot, Inc. (NYSE:HD)

Rockland Trust Co. reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,872 shares of the home improvement retailer's stock after selling 3,151 shares during the period. Rockland Trust Co.'s holdings in Home Depot were worth $12,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Navigoe LLC bought a new position in Home Depot during the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot during the fourth quarter valued at about $32,000. Quarry LP grew its holdings in 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 acquiring an additional 66 shares during the period. Marshall Investment Management LLC bought a new stake in Home Depot in the fourth quarter worth about $41,000. Finally, Sellwood Investment Partners LLC bought a new stake in Home Depot in the fourth quarter worth about $39,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

NYSE HD traded down $9.06 on Friday, reaching $354.10. The company's stock had a trading volume of 3,362,684 shares, compared to its average volume of 3,405,554. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The business has a 50-day moving average price of $362.33 and a 200 day moving average price of $383.33.

Home Depot (NYSE:HD - Get Free Report) last announced 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 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Jefferies Financial Group reduced their price objective on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Gordon Haskett lifted their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Royal Bank of Canada dropped their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Finally, Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the business'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 transaction, the executive vice president now 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 currently owned by corporate 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.