Ferguson Wellman Capital Management Inc. Has $97.49 Million Stake in The Home Depot, Inc. (NYSE:HD)

Ferguson Wellman Capital Management Inc. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 0.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 266,006 shares of the home improvement retailer’s stock after selling 262 shares during the quarter. Home Depot makes up 1.9% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 17th largest holding. Ferguson Wellman Capital Management Inc.’s holdings in Home Depot were worth $97,488,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc boosted its holdings in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after buying an additional 3,590 shares during the period. Wealth Management Partners LLC boosted its holdings in Home Depot by 0.6% during the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer’s stock valued at $2,384,000 after acquiring an additional 36 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock valued at $9,242,000 after acquiring an additional 3,873 shares during the period. Disciplined Investors L.L.C. acquired a new stake in shares of Home Depot in the fourth quarter valued at about $409,000. Finally, ARS Wealth Advisors Group LLC increased its stake in shares of Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer’s stock worth $11,628,000 after purchasing an additional 239 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. TD Securities lowered Home Depot to a “buy” rating in a report on Monday, June 2nd. Telsey Advisory Group reissued an “outperform” rating on shares of Home Depot in a research report on Monday, June 2nd. Gordon Haskett raised their price objective on shares of Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their price target on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. The trade was 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 Home Depot stock opened at $360.35 on Thursday. The stock has a market capitalization of $358.52 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 4.03 and a beta of 1.02. The firm’s 50-day moving average price is $361.89 and its two-hundred day moving average price is $383.78. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. 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 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 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. Home Depot’s dividend payout ratio is 62.42%.

Home Depot 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.