Griffith & Werner Inc. Buys 1,200 Shares of The Home Depot, Inc. (NYSE:HD)

Griffith & Werner Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,453 shares of the home improvement retailer's stock after buying an additional 1,200 shares during the quarter. Home Depot accounts for 2.4% of Griffith & Werner Inc.'s investment portfolio, making the stock its 16th largest holding. Griffith & Werner Inc.'s holdings in Home Depot were worth $3,831,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HD. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $28,000. Navigoe LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $32,000. Quarry LP increased its holdings in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares in the last quarter. Finally, Marshall Investment Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and upped their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating on shares of Home Depot in a report on Monday, June 2nd. Wedbush reiterated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, Mizuho cut their price objective on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Seven investment 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Activity

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares in the company, 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 is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% 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 Trading Down 2.1%

NYSE:HD traded down $7.56 during trading hours on Wednesday, hitting $360.35. The company had a trading volume of 3,772,888 shares, compared to its average volume of 3,412,383. The company has a market capitalization of $358.52 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The stock has a 50-day moving average price of $361.75 and a 200 day moving average price of $383.94. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.63 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is presently 62.42%.

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.