Saturna Capital Corp Has $12.56 Million Stake in The Home Depot, Inc. (NYSE:HD)

Saturna Capital Corp increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 750.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,279 shares of the home improvement retailer's stock after purchasing an additional 30,250 shares during the quarter. Saturna Capital Corp's holdings in Home Depot were worth $12,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HD. Financial Gravity Asset Management Inc. purchased a new position in Home Depot during the 1st quarter valued at about $406,000. Wealth Management Partners LLC grew its stake in 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 valued at $2,384,000 after acquiring an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV grew its stake in Home Depot by 4.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after acquiring an additional 221 shares in the last quarter. Disciplined Investors L.L.C. purchased a new position in Home Depot during the 4th quarter valued at about $409,000. Finally, ARS Wealth Advisors Group LLC grew its stake in Home Depot by 0.8% during 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 acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD traded up $0.28 on Friday, hitting $359.32. The company had a trading volume of 3,360,940 shares, compared to its average volume of 3,438,531. The company's fifty day moving average price is $366.09 and its 200 day moving average price is $374.69. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The stock has a market cap of $357.50 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.41 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 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 business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter last year, the firm earned $3.63 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.56%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HD. Wells Fargo & Company set a $420.00 target price on Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the company from $405.00 to $425.00 in a research note 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 note on Thursday, May 22nd. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group lowered their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company'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 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 $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company's stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot 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.