First National Bank of Mount Dora Trust Investment Services Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

First National Bank of Mount Dora Trust Investment Services raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,391 shares of the home improvement retailer's stock after purchasing an additional 2,512 shares during the period. Home Depot accounts for approximately 1.7% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 20th largest position. First National Bank of Mount Dora Trust Investment Services' holdings in Home Depot were worth $7,107,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HD. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $28,000. Navigoe LLC acquired a new stake in Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot in the fourth quarter worth $32,000. Quarry LP increased its stake in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $39,000. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on HD. Mizuho dropped their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $426.77.

Insider Buying and Selling

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business'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 completion of the sale, the executive vice president now owns 17,367 shares of the company's stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Home Depot Price Performance

HD traded up $2.95 during trading on Tuesday, reaching $368.15. 3,014,068 shares of the company were exchanged, compared to its average volume of 3,408,063. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company's 50-day moving average is $361.51 and its two-hundred day moving average is $384.05. 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 company has a market cap of $366.28 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.63 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

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.