The Home Depot, Inc. (NYSE:HD) Stock Holdings Lessened by Eagle Global Advisors LLC

Eagle Global Advisors LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 1.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 62,683 shares of the home improvement retailer’s stock after selling 829 shares during the quarter. Home Depot makes up 0.9% of Eagle Global Advisors LLC’s portfolio, making the stock its 25th biggest position. Eagle Global Advisors LLC’s holdings in Home Depot were worth $22,973,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC lifted its position in shares of Home Depot by 5.6% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 1,990 shares of the home improvement retailer’s stock worth $729,000 after buying an additional 106 shares during the last quarter. Longfellow Investment Management Co. LLC lifted its position in shares of Home Depot by 23.7% in the 1st quarter. Longfellow Investment Management Co. LLC now owns 5,728 shares of the home improvement retailer’s stock worth $2,099,000 after buying an additional 1,096 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of Home Depot by 3.8% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,289 shares of the home improvement retailer’s stock worth $4,858,000 after buying an additional 488 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of Home Depot by 3.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 55,122 shares of the home improvement retailer’s stock worth $20,202,000 after acquiring an additional 1,782 shares during the period. Finally, Ballast Inc. increased its holdings in shares of Home Depot by 1.9% in the 1st quarter. Ballast Inc. now owns 5,207 shares of the home improvement retailer’s stock worth $1,908,000 after acquiring an additional 96 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD opened at $387.77 on Monday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a 50-day moving average of $367.64 and a two-hundred day moving average of $371.97. The stock has a market cap of $385.80 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.69 and a beta of 1.00. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

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

Home Depot Announces Dividend

The company 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. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the stock an “overweight” rating in a report on Monday, June 30th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. Robert W. Baird dropped their price objective on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Finally, DA Davidson dropped their price objective on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.77.

Insider Activity

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 completion of the transaction, the executive vice president directly owned 17,367 shares in the company, 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 filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president owned 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.