The Home Depot, Inc. (NYSE:HD) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,598,745 shares of the home improvement retailer's stock after acquiring an additional 31,057 shares during the quarter. Home Depot makes up approximately 0.7% of Sumitomo Mitsui Trust Group Inc.'s holdings, making the stock its 23rd biggest holding. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of Home Depot worth $952,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Group Ltd. increased its holdings in shares of Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after buying an additional 27 shares during the last quarter. Brighton Jones LLC increased its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Snider Financial Group increased its stake in Home Depot by 90.7% during the fourth quarter. Snider Financial Group now owns 1,436 shares of the home improvement retailer's stock worth $559,000 after acquiring an additional 683 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Home Depot by 4.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after purchasing an additional 565 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $93,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the business'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 of the company's stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 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 owned by corporate insiders.

Home Depot Stock Performance

HD opened at $368.36 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The business's 50 day moving average is $363.55 and its 200-day moving average is $377.83. The stock has a market cap of $366.49 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 3.46 and a beta of 1.02. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

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

Home Depot Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. Royal Bank Of Canada cut their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Wells Fargo & Company reduced their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, DA Davidson decreased their target price on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Seven 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

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.

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