Mendota Financial Group LLC Has $85,000 Position in The Home Depot, Inc. (NYSE:HD)

Mendota Financial Group LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 51.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232 shares of the home improvement retailer’s stock after selling 250 shares during the period. Mendota Financial Group LLC’s holdings in Home Depot were worth $85,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer’s stock valued at $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Home Depot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer’s stock valued at $8,525,046,000 after purchasing an additional 257,036 shares in the last quarter. Norges Bank bought a new position in shares of Home Depot during the 4th quarter valued at about $5,032,910,000. Capital Research Global Investors lifted its holdings in shares of Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer’s stock valued at $4,845,098,000 after purchasing an additional 647,552 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HD. Guggenheim reiterated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, May 21st. DA Davidson cut their target price on Home Depot from $470.00 to $450.00 in a research note on Tuesday, May 20th. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Friday. Finally, Mizuho cut their target price on Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. Seven investment 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 company. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.77.

Insider Buying and Selling at Home Depot

In other 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 transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the 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 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. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $350.21 on Friday. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The stock’s fifty day moving average price is $362.65 and its two-hundred day moving average price is $379.75. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The firm has a market cap of $348.44 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 3.32 and a beta of 1.02.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the prior year, the company 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 analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Thursday, June 5th. 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.