The Home Depot, Inc. (NYSE:HD) Shares Sold by Morton Capital Management LLC CA

Morton Capital Management LLC CA lowered its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,159 shares of the home improvement retailer’s stock after selling 37 shares during the quarter. Home Depot comprises approximately 0.3% of Morton Capital Management LLC CA’s investment portfolio, making the stock its 28th biggest holding. Morton Capital Management LLC CA’s holdings in Home Depot were worth $1,212,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HD. Capital Research Global Investors raised its holdings in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares in the last quarter. Norges Bank bought a new stake in Home Depot during the fourth quarter worth approximately $4,311,070,000. Fisher Asset Management LLC raised its holdings in Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after purchasing an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock worth $2,240,783,000 after purchasing an additional 82,672 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HD. Mizuho began coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. Guggenheim restated a “buy” rating and issued a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Bank of America lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Evercore ISI lifted their price target on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $377.46.

View Our Latest Report on HD

Home Depot Stock Down 3.6 %

HD stock opened at $338.34 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a fifty day simple moving average of $337.98 and a 200 day simple moving average of $352.67. The firm has a market cap of $335.50 billion, a PE ratio of 22.69, a PEG ratio of 2.42 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the business earned $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is presently 60.36%.

Insider Activity at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Home Depot Company Profile

(Free Report)

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.

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