The Home Depot, Inc. (NYSE:HD) Shares Sold by Stonebrook Private Inc.

Stonebrook Private Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,514 shares of the home improvement retailer’s stock after selling 152 shares during the period. Home Depot accounts for about 1.2% of Stonebrook Private Inc.’s holdings, making the stock its 22nd biggest position. Stonebrook Private Inc.’s holdings in Home Depot were worth $4,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the business. Adapt Wealth Advisors LLC grew its stake in shares of Home Depot by 3.0% during the 1st quarter. Adapt Wealth Advisors LLC now owns 1,093 shares of the home improvement retailer’s stock valued at $401,000 after buying an additional 32 shares during the period. First Interstate Bank grew its stake in shares of Home Depot by 0.3% during the 1st quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer’s stock valued at $3,306,000 after buying an additional 28 shares during the period. Van Cleef Asset Management Inc grew its stake in shares of Home Depot by 0.4% during the 1st quarter. Van Cleef Asset Management Inc now owns 15,331 shares of the home improvement retailer’s stock valued at $5,619,000 after buying an additional 60 shares during the period. Alpha Financial Partners LLC grew its stake in shares of Home Depot by 5.3% during the 1st quarter. Alpha Financial Partners LLC now owns 1,636 shares of the home improvement retailer’s stock valued at $599,000 after buying an additional 83 shares during the period. Finally, Topsail Wealth Management LLC grew its stake in shares of Home Depot by 5.1% during the 1st quarter. Topsail Wealth Management LLC now owns 2,912 shares of the home improvement retailer’s stock valued at $1,067,000 after buying an additional 141 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’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 transaction, the executive vice president owned 17,367 shares of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’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 directly owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 price objective (up from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Robert W. Baird decreased their price target on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. DA Davidson decreased their price target on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Jefferies Financial Group decreased their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Stock Performance

Shares of Home Depot stock opened at $370.43 on Thursday. The firm has a market cap of $368.55 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 3.49 and a beta of 1.00. The firm’s 50-day simple moving average is $365.72 and its 200-day simple moving average is $375.88. 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 1 year low of $326.31 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last issued 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). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.63 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 2.48%. 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.