Merrion Investment Management Co LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Merrion Investment Management Co LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,555 shares of the home improvement retailer’s stock after selling 100 shares during the quarter. Merrion Investment Management Co LLC’s holdings in Home Depot were worth $980,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors increased its holdings in shares of Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $4,540,197,000 after buying an additional 347,614 shares during the last quarter. Norges Bank bought a new stake in shares of Home Depot in the 4th quarter valued at about $4,311,070,000. Fisher Asset Management LLC raised its stake in shares of Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after acquiring an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position 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 valued at $2,240,783,000 after acquiring an additional 82,672 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.8 %

Home Depot stock traded up $2.75 during midday trading on Friday, hitting $344.24. 6,344,192 shares of the stock were exchanged, compared to its average volume of 3,519,389. 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 stock has a market capitalization of $341.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.38 and a beta of 1.00. The stock’s 50-day simple moving average is $338.51 and its 200 day simple moving average is $352.74. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.82 earnings per share. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued 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 currently 60.36%.

Insider Buying and Selling

In other Home Depot 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 transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. Bank of America increased their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Evercore ISI boosted their price target on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, UBS Group dropped their target price on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $378.42.

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.