Plimoth Trust Co. LLC Has $2.75 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Plimoth Trust Co. LLC cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,500 shares of the home improvement retailer's stock after selling 1,139 shares during the period. Plimoth Trust Co. LLC's holdings in Home Depot were worth $2,749,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Well Done LLC raised its holdings in shares of Home Depot by 9.6% during the first quarter. Well Done LLC now owns 2,686 shares of the home improvement retailer's stock worth $1,045,000 after purchasing an additional 236 shares during the period. Sterling Investment Counsel LLC raised its holdings in shares of Home Depot by 139.4% during the first quarter. Sterling Investment Counsel LLC now owns 4,644 shares of the home improvement retailer's stock worth $1,702,000 after purchasing an additional 2,704 shares during the period. Janney Capital Management LLC raised its holdings in shares of Home Depot by 26.6% during the first quarter. Janney Capital Management LLC now owns 36,508 shares of the home improvement retailer's stock worth $13,380,000 after purchasing an additional 7,671 shares during the period. Harrell Investment Partners LLC raised its holdings in shares of Home Depot by 0.9% during the first quarter. Harrell Investment Partners LLC now owns 20,803 shares of the home improvement retailer's stock worth $7,624,000 after purchasing an additional 180 shares during the period. Finally, Centennial Wealth Advisory LLC raised its holdings in shares of Home Depot by 6.1% during the first quarter. Centennial Wealth Advisory LLC now owns 612 shares of the home improvement retailer's stock worth $224,000 after purchasing an additional 35 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HD. Jefferies Financial Group dropped their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Friday. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating and issued a $398.00 price objective (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.9%

NYSE HD traded up $3.18 during trading on Friday, reaching $350.21. The company's stock had a trading volume of 8,001,951 shares, compared to its average volume of 3,436,931. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The stock has a market capitalization of $348.44 billion, a PE ratio of 23.76, a PEG ratio of 3.30 and a beta of 1.02. The business has a 50-day moving average price of $362.65 and a 200-day moving average price of $380.08. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same quarter last year, the firm earned $3.63 earnings per share. Home Depot's revenue was up 9.4% compared to the same quarter last year. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio is currently 62.42%.

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.