The Home Depot, Inc. (NYSE:HD) Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank reduced its position in The Home Depot, Inc. by 0.2%, now holding 2,801,700 shares worth approximately $1.03 billion, making it the bank's 22nd largest holding.
• Home Depot reported earnings of $3.56 per share, missing analysts' estimates by $0.03, while its quarterly revenue was $39.86 billion, exceeding expectations.
• The company announced a quarterly dividend of $2.30 per share, representing an annualized dividend of $9.20 and a yield of 2.4%.

Swiss National Bank reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,801,700 shares of the home improvement retailer's stock after selling 4,400 shares during the period. Home Depot makes up 0.7% of Swiss National Bank's holdings, making the stock its 22nd biggest position. Swiss National Bank owned 0.28% of Home Depot worth $1,026,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Financial Gravity Asset Management Inc. acquired a new position in Home Depot in the 1st quarter valued at about $406,000. Wealth Management Partners LLC boosted its holdings in Home Depot by 0.6% in 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 purchasing an additional 36 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its holdings in Home Depot by 4.8% in 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 purchasing an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in Home Depot by 0.8% in 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 purchasing an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP acquired a new position in Home Depot in the 1st quarter valued at about $5,886,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.4%

Shares of NYSE:HD traded up $1.60 during trading hours on Friday, reaching $387.77. The stock had a trading volume of 2,326,668 shares, compared to its average volume of 3,127,176. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm's 50 day moving average is $367.64 and its 200-day moving average is $372.26. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a market capitalization of $385.80 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.69 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the prior year, the company posted $3.63 earnings per share. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot's dividend payout ratio is currently 62.42%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TD Securities lowered shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. Robert W. Baird decreased their price objective on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating and issued a $415.00 price objective (up from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares in the company, valued at $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. Corporate insiders own 0.10% of the company's stock.

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.