Dividend Assets Capital LLC Buys 50 Shares of The Home Depot, Inc. (NYSE:HD)

Dividend Assets Capital LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% during the first quarter, HoldingsChannel reports. The firm owned 1,984 shares of the home improvement retailer’s stock after purchasing an additional 50 shares during the period. Dividend Assets Capital LLC’s holdings in Home Depot were worth $727,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter valued at approximately $28,000. Navigoe LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter worth about $32,000. Quarry LP grew its holdings in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 66 shares during the period. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $39,000. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the executive vice president now directly owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now owns 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. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.6%

Shares of NYSE:HD opened at $365.20 on Tuesday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a market capitalization of $363.35 billion, a PE ratio of 24.81, a P/E/G ratio of 4.03 and a beta of 1.02. The company’s fifty day moving average is $361.51 and its 200-day moving average is $384.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last released 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). The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $3.63 earnings per share. Equities research analysts predict 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 will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.52%. Home Depot’s payout ratio is 62.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HD shares. TD Securities lowered Home Depot to a “buy” rating in a research note on Monday, June 2nd. Robert W. Baird lowered their price target on shares of Home Depot from $430.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 21st. DA Davidson reduced their price objective on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Evercore ISI set a $400.00 price target on Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.