Roman Butler Fullerton & Co. Has $3.24 Million Position in The Home Depot, Inc. (NYSE:HD)

Roman Butler Fullerton & Co. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,144 shares of the home improvement retailer’s stock after buying an additional 36 shares during the quarter. Home Depot makes up 1.3% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 19th largest position. Roman Butler Fullerton & Co.’s holdings in Home Depot were worth $3,238,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Navigoe LLC bought a new position in Home Depot in the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $32,000. Quarry LP boosted its holdings in Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in Home Depot in the fourth quarter worth about $41,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Home Depot in the fourth quarter worth about $39,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of HD opened at $348.74 on Wednesday. The firm has a market cap of $346.97 billion, a P/E ratio of 23.66, a PEG ratio of 3.36 and a beta of 1.02. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The firm’s 50 day moving average price is $363.01 and its two-hundred day moving average price is $381.43.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 2.64%. Home Depot’s dividend payout ratio (DPR) is 62.42%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HD. Truist Financial upped their target price on shares of Home Depot from $393.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Jefferies Financial Group cut their price objective on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot in a report on Monday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Finally, Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $426.77.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 17,367 shares of the company’s stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.