The Home Depot, Inc. (NYSE:HD) Shares Bought by Wells Trecaso Financial Group LLC

Wells Trecaso Financial Group LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,408 shares of the home improvement retailer’s stock after buying an additional 402 shares during the period. Home Depot comprises about 2.4% of Wells Trecaso Financial Group LLC’s portfolio, making the stock its 16th biggest position. Wells Trecaso Financial Group LLC’s holdings in Home Depot were worth $7,112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Navigoe LLC purchased a new stake in Home Depot during the 4th quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter worth $32,000. Quarry LP boosted its position in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $39,000. Finally, NewSquare Capital LLC grew its holdings in Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after buying an additional 68 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Telsey Advisory Group restated an “outperform” rating on shares of Home Depot in a research note on Monday, June 2nd. Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Finally, TD Securities downgraded shares of Home Depot to a “buy” rating in a research report on Monday, June 2nd. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Price Performance

HD opened at $348.74 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The company’s 50-day moving average price is $363.01 and its 200 day moving average price is $381.43. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market cap of $346.97 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 3.36 and a beta of 1.02.

Home Depot (NYSE:HD) last posted 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 company had revenue of $39.86 billion for 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 firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $3.63 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s dividend payout ratio is presently 62.42%.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $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 company insiders.

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.