The Home Depot, Inc. (NYSE:HD) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,873 shares of the home improvement retailer's stock after selling 4,524 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Home Depot were worth $13,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Center for Financial Planning Inc. increased its stake in shares of Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after purchasing an additional 24 shares in the last quarter. Wealth Group Ltd. increased its stake in shares of Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after purchasing an additional 27 shares in the last quarter. Members Trust Co increased its stake in shares of Home Depot by 1.0% in the fourth quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer's stock worth $1,047,000 after purchasing an additional 27 shares in the last quarter. Sollinda Capital Management LLC increased its stake in shares of Home Depot by 2.5% in the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock worth $434,000 after purchasing an additional 27 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. increased its stake in shares of Home Depot by 1.3% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock worth $831,000 after purchasing an additional 27 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Home Depot stock opened at $354.10 on Friday. The firm has a market capitalization of $352.31 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a 50-day moving average price of $362.73 and a 200-day moving average price of $382.50. 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 posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company 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% on a year-over-year basis. During the same period in the prior year, the business earned $3.63 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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 paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Wells Fargo & Company cut their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating on shares of Home Depot in a research note on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were 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. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Home Depot 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.

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