Fort Washington Investment Advisors Inc. OH Trims Position in The Home Depot, Inc. (NYSE:HD)

Fort Washington Investment Advisors Inc. OH trimmed its position in The Home Depot, Inc. (NYSE:HD) by 0.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 215,093 shares of the home improvement retailer’s stock after selling 1,862 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Home Depot were worth $78,829,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. POM Investment Strategies LLC increased its position in shares of Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after acquiring an additional 24 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock valued at $1,810,000 after acquiring an additional 24 shares in the last quarter. Tranquility Partners LLC boosted its stake in shares of Home Depot by 1.1% in the 4th quarter. Tranquility Partners LLC now owns 2,306 shares of the home improvement retailer’s stock valued at $897,000 after buying an additional 26 shares during the period. Wealth Group Ltd. lifted its stake in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after acquiring an additional 27 shares during the last quarter. Finally, Members Trust Co grew its stake in shares of Home Depot by 1.0% during the fourth quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer’s stock worth $1,047,000 after purchasing an additional 27 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 2.1%

Shares of NYSE:HD opened at $360.35 on Thursday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm’s 50-day simple moving average is $361.89 and its 200-day simple moving average is $383.78. The company has a market cap of $358.52 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 4.03 and a beta of 1.02.

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). The business had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current 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 paid 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 (DPR) is presently 62.42%.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. TD Securities downgraded shares of Home Depot to a “buy” rating in a research report on Monday, June 2nd. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. DA Davidson reduced their price target on shares of Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

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.