The Home Depot, Inc. (NYSE:HD) Shares Bought by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,322 shares of the home improvement retailer's stock after acquiring an additional 865 shares during the period. Stockman Wealth Management Inc.'s holdings in Home Depot were worth $7,814,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HD. Navigoe LLC acquired a new position in Home Depot during the fourth quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $32,000. Quarry LP grew its holdings 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 during the period. Sellwood Investment Partners LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC grew its holdings in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other Home Depot 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 value of $954,564.00. Following the completion of the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction 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 stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 17,367 shares of the company's stock, valued at $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. DA Davidson lowered their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and boosted their target price for the company from $405.00 to $425.00 in a report on Wednesday, May 21st. Wells Fargo & Company lowered their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Gordon Haskett boosted their price objective on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Price Performance

Home Depot stock opened at $354.10 on Monday. The firm has a market capitalization of $352.31 billion, a P/E ratio of 24.06, a PEG ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The business has a 50-day moving average of $362.73 and a 200-day moving average of $382.18. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio is 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.

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