The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,165 shares of the home improvement retailer’s stock after acquiring an additional 521 shares during the quarter. Cullinan Associates Inc.’s holdings in Home Depot were worth $10,420,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bare Financial Services Inc purchased a new position in Home Depot in the fourth quarter worth $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter worth $27,000. Keener Financial Planning LLC purchased a new position in Home Depot in the fourth quarter worth $31,000. PFG Private Wealth Management LLC increased its position in shares of Home Depot by 53.3% in 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 in the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of NYSE HD traded down $1.90 during midday trading on Tuesday, hitting $334.29. The stock had a trading volume of 1,299,669 shares, compared to its average volume of 3,438,840. The company has a market capitalization of $331.49 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.38 and a beta of 0.99. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year 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 company has a fifty day moving average price of $338.51 and a 200 day moving average price of $352.80.

Home Depot (NYSE:HD) last released 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. The business had revenue of $36.42 billion for 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 company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.82 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s payout ratio is currently 60.36%.

Insider Activity at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred 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 sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. UBS Group dropped their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Citigroup dropped their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Bank of America raised their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 1st. HSBC dropped their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Company 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.