OLD Second National Bank of Aurora Sells 913 Shares of The Home Depot, Inc. (NYSE:HD)

OLD Second National Bank of Aurora lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,708 shares of the home improvement retailer’s stock after selling 913 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Home Depot were worth $2,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bey Douglas LLC bought a new stake in shares of Home Depot in the 4th quarter worth about $913,000. Hartline Investment Corp grew its holdings in shares of Home Depot by 3.0% in the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after purchasing an additional 460 shares during the last quarter. Wolf Group Capital Advisors grew its holdings in shares of Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares during the last quarter. Alliance Wealth Management Group bought a new stake in shares of Home Depot in the 4th quarter worth about $253,000. Finally, Zullo Investment Group Inc. grew its holdings in shares of Home Depot by 6.6% in the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were 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 of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. Evercore ISI upped their target price on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. UBS Group decreased their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Mizuho initiated coverage on shares of Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Price Performance

Shares of HD opened at $359.77 on Friday. The stock has a market capitalization of $356.75 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.44 and a beta of 0.98. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a 50 day moving average of $339.52 and a 200-day moving average of $352.10. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $3.82 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid 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 2.50%. Home Depot’s dividend payout ratio is presently 60.36%.

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.