Talbot Financial LLC Sells 784 Shares of The Home Depot, Inc. (NYSE:HD)

Talbot Financial LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,142 shares of the home improvement retailer's stock after selling 784 shares during the period. Home Depot comprises 1.8% of Talbot Financial LLC's investment portfolio, making the stock its 22nd biggest position. Talbot Financial LLC's holdings in Home Depot were worth $13,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust raised its stake in Home Depot by 4.2% during the first quarter. American National Bank & Trust now owns 34,994 shares of the home improvement retailer's stock worth $12,825,000 after purchasing an additional 1,398 shares during the period. Advance Capital Management Inc. purchased a new stake in Home Depot in the first quarter valued at approximately $267,000. Czech National Bank raised its position in Home Depot by 6.0% in the first quarter. Czech National Bank now owns 228,160 shares of the home improvement retailer's stock valued at $83,618,000 after purchasing an additional 12,821 shares during the period. JGP Wealth Management LLC raised its holdings in shares of Home Depot by 1.8% in the 1st quarter. JGP Wealth Management LLC now owns 11,381 shares of the home improvement retailer's stock valued at $4,171,000 after buying an additional 202 shares during the period. Finally, Bond & Devick Financial Network Inc. boosted its stake in shares of Home Depot by 8.1% in the first quarter. Bond & Devick Financial Network Inc. now owns 907 shares of the home improvement retailer's stock valued at $332,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HD. Royal Bank of Canada cut 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 restated a "buy" rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Wedbush reaffirmed an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 price objective (up from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Mizuho dropped their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Price Performance

Shares of Home Depot stock traded up $0.47 during trading on Thursday, reaching $370.57. The company's stock had a trading volume of 1,056,469 shares, compared to its average volume of 3,403,236. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.93 and a 12-month high of $439.37. The company has a market capitalization of $368.69 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business has a 50 day moving average price of $361.54 and a 200-day moving average price of $385.28.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $3.63 earnings per share. As a group, sell-side analysts anticipate 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 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insiders Place Their Bets

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm'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 completion of the sale, the executive vice president now owns 7,951 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction 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 sale, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% 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 insiders.

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.