Papp L Roy & Associates Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Papp L Roy & Associates raised its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 2.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 43,437 shares of the home improvement retailer’s stock after purchasing an additional 866 shares during the period. Home Depot accounts for about 1.6% of Papp L Roy & Associates’ portfolio, making the stock its 20th largest position. Papp L Roy & Associates’ holdings in Home Depot were worth $13,002,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sky Investment Group LLC grew its position in shares of Home Depot by 3.4% in the 1st quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock worth $6,345,000 after buying an additional 703 shares during the last quarter. Everhart Financial Group Inc. grew its position in shares of Home Depot by 28.5% in the 1st quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock worth $617,000 after buying an additional 457 shares during the last quarter. Diversified LLC grew its position in shares of Home Depot by 1.5% in the 1st quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock worth $975,000 after buying an additional 47 shares during the last quarter. Matisse Capital grew its position in shares of Home Depot by 3.9% in the 1st quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock worth $797,000 after buying an additional 100 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its position in Home Depot by 4.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,961 shares of the home improvement retailer’s stock worth $1,186,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at $3,248,052.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at $3,248,052.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on HD. Guggenheim dropped their target price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Morgan Stanley dropped their target price on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Citigroup boosted their target price on shares of Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Finally, Gordon Haskett downgraded shares of Home Depot from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.45.

Home Depot Price Performance

HD opened at $309.69 on Friday. The firm has a fifty day moving average price of $290.90 and a 200 day moving average price of $310.73. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The stock has a market cap of $318.29 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The company had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.86 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 16.43 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio is presently 48.25%.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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