Neville Rodie & Shaw Inc. Has $17.28 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Neville Rodie & Shaw Inc. decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,160 shares of the home improvement retailer's stock after selling 790 shares during the period. Home Depot accounts for 1.4% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 19th largest position. Neville Rodie & Shaw Inc.'s holdings in Home Depot were worth $17,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in HD. K.J. Harrison & Partners Inc boosted its holdings in shares of Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after acquiring an additional 3,590 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in Home Depot by 19.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after acquiring an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. bought a new stake in Home Depot during the 4th quarter valued at $409,000. JPL Wealth Management LLC bought a new stake in Home Depot during the 4th quarter valued at $3,193,000. Finally, Umpqua Bank raised its stake in Home Depot by 26.5% during the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer's stock valued at $2,425,000 after acquiring an additional 1,294 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 0.9%

Shares of HD traded down $3.48 during trading hours on Monday, reaching $364.81. The company's stock had a trading volume of 1,089,229 shares, compared to its average volume of 3,415,988. The firm has a market cap of $362.96 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.93 and a 1-year high of $439.37. 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 50 day moving average of $360.92 and a two-hundred day moving average of $385.73.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the firm earned $3.63 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.52%. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 15th. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research note on Tuesday, May 20th. Finally, Piper Sandler dropped their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Seven equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following 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 disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

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.