The Home Depot, Inc. (NYSE:HD) is Harmony Asset Management LLC’s 8th Largest Position

Harmony Asset Management LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,370 shares of the home improvement retailer’s stock after acquiring an additional 353 shares during the period. Home Depot comprises approximately 2.2% of Harmony Asset Management LLC’s holdings, making the stock its 8th biggest holding. Harmony Asset Management LLC’s holdings in Home Depot were worth $5,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Inc. LA ADV grew its stake in shares of Home Depot by 99,400.7% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the period. Norges Bank purchased a new stake in shares of Home Depot during the 4th quarter valued at $5,032,910,000. GAMMA Investing LLC grew its stake in shares of Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock valued at $37,517,230,000 after buying an additional 10,210,851 shares during the period. Northern Trust Corp grew its stake in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after buying an additional 1,424,857 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $471,189,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

Shares of NYSE:HD opened at $370.15 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a 50-day simple moving average of $366.14 and a 200 day simple moving average of $375.57. The company has a market cap of $368.27 billion, a PE ratio of 25.11, a P/E/G ratio of 3.55 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share 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 for the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the prior year, the company earned $3.63 EPS. Home Depot’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio is presently 62.42%.

Analysts Set New Price Targets

Several analysts have recently issued reports on HD shares. TD Securities cut shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. DA Davidson reduced their target price on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Monday, June 30th. Sanford C. Bernstein restated a “market perform” rating and set a $398.00 target price (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Finally, Mizuho reduced their target price on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Seven equities research 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $426.77.

About Home Depot

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.