RMB Capital Management LLC Sells 3,032 Shares of The Home Depot, Inc. (NYSE:HD)

RMB Capital Management LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 16.5% in the 1st quarter, Holdings Channel reports. The fund owned 15,329 shares of the home improvement retailer’s stock after selling 3,032 shares during the quarter. RMB Capital Management LLC’s holdings in Home Depot were worth $4,588,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Arete Wealth Advisors LLC raised its holdings in shares of Home Depot by 2.1% in the 1st quarter. Arete Wealth Advisors LLC now owns 11,402 shares of the home improvement retailer’s stock valued at $3,413,000 after acquiring an additional 230 shares in the last quarter. Papp L Roy & Associates raised its stake in shares of Home Depot by 2.0% during the first quarter. Papp L Roy & Associates now owns 43,437 shares of the home improvement retailer’s stock worth $13,002,000 after acquiring an additional 866 shares in the last quarter. LifePro Asset Management boosted its stake in shares of Home Depot by 12.1% in the 1st quarter. LifePro Asset Management now owns 2,953 shares of the home improvement retailer’s stock valued at $884,000 after purchasing an additional 319 shares in the last quarter. WT Wealth Management boosted its stake in shares of Home Depot by 11.0% in the 1st quarter. WT Wealth Management now owns 6,579 shares of the home improvement retailer’s stock valued at $1,969,000 after purchasing an additional 651 shares in the last quarter. Finally, Camden Capital LLC boosted its stake in shares of Home Depot by 4.9% in the 1st quarter. Camden Capital LLC now owns 2,283 shares of the home improvement retailer’s stock valued at $684,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Home Depot Stock Up 0.8 %

HD opened at $309.69 on Friday. The firm has a 50-day simple moving average of $290.90 and a two-hundred day simple moving average of $310.73. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $420.61. The company has a market capitalization of $318.29 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The business had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. During the same quarter in the prior year, the firm earned $3.86 EPS. The business’s revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 16.43 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s dividend payout ratio is 48.25%.

Insider Activity

In other news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Hector A. Padilla sold 136 shares of the stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares in the company, valued at $3,248,052.90. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HD. Jefferies Financial Group lowered their price target on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 18th. Morgan Stanley decreased their price target on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Evercore ISI decreased their price target on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. DA Davidson cut their price objective on shares of Home Depot from $354.00 to $330.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Finally, StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $368.45.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.