The Home Depot, Inc. (NYSE:HD) is Planning Directions Inc.'s 10th Largest Position

Planning Directions Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 926.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,534 shares of the home improvement retailer's stock after acquiring an additional 13,118 shares during the period. Home Depot accounts for 2.3% of Planning Directions Inc.'s holdings, making the stock its 10th largest position. Planning Directions Inc.'s holdings in Home Depot were worth $5,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after purchasing an additional 875,836 shares during the period. Geode Capital Management LLC raised its position in shares of Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after buying an additional 257,036 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted its stake in shares of Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the period. Norges Bank bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $5,032,910,000. Finally, Capital Research Global Investors grew its position in Home Depot by 5.5% during the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock worth $4,845,098,000 after buying an additional 647,552 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,996,327.68. Following 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 disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. DA Davidson cut their price objective on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Gordon Haskett raised their target price on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Finally, Mizuho dropped their target price on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Seven investment 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 has an average rating of "Moderate Buy" and an average price target of $426.77.

Home Depot Trading Down 0.1%

Shares of NYSE:HD traded down $0.19 during midday trading on Tuesday, hitting $367.45. 2,530,041 shares of the stock were exchanged, compared to its average volume of 3,434,165. The business's 50-day moving average price is $365.35 and its 200 day moving average price is $375.98. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. 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 $365.59 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 3.50 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted 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). 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 242.51% and a net margin of 8.98%. Home Depot's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.63 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

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.