Boltwood Capital Management Acquires 80 Shares of The Home Depot, Inc. (NYSE:HD)

Boltwood Capital Management boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,870 shares of the home improvement retailer’s stock after purchasing an additional 80 shares during the quarter. Boltwood Capital Management’s holdings in Home Depot were worth $1,052,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. POM Investment Strategies LLC increased its holdings 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 in the last quarter. Center for Financial Planning Inc. increased its holdings in shares of Home Depot by 0.5% during 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. Live Oak Private Wealth LLC increased its holdings in shares of Home Depot by 0.5% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock valued at $1,912,000 after acquiring an additional 25 shares in the last quarter. Mezzasalma Advisors LLC increased its holdings in shares of Home Depot by 4.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer’s stock valued at $255,000 after acquiring an additional 25 shares in the last quarter. Finally, Focused Wealth Management Inc increased its holdings in shares of Home Depot by 2.4% during the fourth quarter. Focused Wealth Management Inc now owns 1,082 shares of the home improvement retailer’s stock valued at $421,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.2%

Shares of NYSE:HD opened at $372.50 on Thursday. The stock has a market capitalization of $370.61 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock’s 50-day simple moving average is $361.54 and its two-hundred day simple moving average is $385.28. The Home Depot, Inc. has a 52-week low of $323.93 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, June 5th. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction dated 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 owns 17,367 shares of the company’s stock, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. DA Davidson reduced their price target on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating on shares of Home Depot in a report on Monday. Jefferies Financial Group reduced their price target on Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. JPMorgan Chase & Co. increased their price objective on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.77.

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.