Whittier Trust Co. of Nevada Inc. Sells 935 Shares of The Home Depot, Inc. (NYSE:HD)

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,162 shares of the home improvement retailer's stock after selling 935 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Home Depot were worth $14,719,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HD. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer's stock worth $4,747,000 after purchasing an additional 565 shares during the period. Proficio Capital Partners LLC increased its stake in Home Depot by 11.1% in the fourth quarter. Proficio Capital Partners LLC now owns 10,545 shares of the home improvement retailer's stock valued at $4,102,000 after acquiring an additional 1,055 shares during the last quarter. GLOBALT Investments LLC GA increased its stake in Home Depot by 1.0% in the fourth quarter. GLOBALT Investments LLC GA now owns 10,518 shares of the home improvement retailer's stock valued at $4,091,000 after acquiring an additional 103 shares during the last quarter. Finally, IMG Wealth Management Inc. bought a new position in Home Depot in the fourth quarter valued at approximately $152,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HD. Robert W. Baird decreased their price objective on shares of Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. Jefferies Financial Group decreased their price objective on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. lifted their price objective 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. Finally, Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the company an "overweight" rating in a research note on Monday, June 30th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Trading Up 0.5%

Shares of NYSE:HD traded up $1.80 during mid-day trading on Thursday, reaching $359.20. 3,127,918 shares of the company's stock were exchanged, compared to its average volume of 3,436,878. The firm has a market capitalization of $357.38 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 3.41 and a beta of 1.00. The business's fifty day moving average price is $366.20 and its 200-day moving average price is $374.90. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

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 analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 EPS. On average, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.56%. Home Depot's payout ratio is 62.42%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the executive vice president owned 7,951 shares in the company, 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. 0.10% of the stock is owned by 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.