The Home Depot, Inc. (NYSE:HD) Shares Sold by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,633 shares of the home improvement retailer’s stock after selling 591 shares during the quarter. Home Depot accounts for 1.4% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 27th largest holding. Roberts Wealth Advisors LLC’s holdings in Home Depot were worth $3,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Bare Financial Services Inc purchased a new position in Home Depot during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $27,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot during the fourth quarter valued at $31,000. PFG Private Wealth Management LLC raised its position in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot in the 4th quarter worth about $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.8 %

Shares of Home Depot stock opened at $344.24 on Monday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market capitalization of $341.35 billion, a P/E ratio of 23.09, a PEG ratio of 2.38 and a beta of 0.99. The stock has a 50 day moving average price of $338.51 and a two-hundred day moving average price of $352.80.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the prior year, the business earned $3.82 earnings per share. Home Depot’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. Home Depot’s dividend payout ratio is 60.36%.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HD. Bank of America upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Wells Fargo & Company dropped their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the company from $352.00 to $395.00 in a report on Wednesday, June 26th. Finally, HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $378.42.

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.