Neville Rodie & Shaw Inc. Reduces Stake in The Home Depot, Inc. (NYSE:HD)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Home Depot by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after acquiring an additional 875,836 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after acquiring an additional 257,036 shares during the last quarter. Norges Bank acquired a new stake in shares of Home Depot during the fourth quarter worth about $5,032,910,000. Capital Research Global Investors lifted its holdings in shares of Home Depot by 5.5% during the fourth quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock worth $4,845,098,000 after purchasing an additional 647,552 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of Home Depot stock traded down $0.44 on Friday, reaching $367.85. The company's stock had a trading volume of 4,110,311 shares, compared to its average volume of 3,433,492. The company has a market capitalization of $365.65 billion, a P/E ratio of 24.99, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.93 and a 52-week high of $439.37. The stock has a 50-day moving average price of $360.92 and a 200-day moving average price of $386.04. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last issued 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). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the previous year, the firm posted $3.63 earnings per share. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's payout ratio is 62.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Gordon Haskett lifted their target price on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. TD Securities reaffirmed a "buy" rating and set a $470.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Buying and Selling

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 transaction of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.