Clear Rock Advisors LLC Raises Stake in The Home Depot, Inc. (NYSE:HD)

Clear Rock Advisors LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 7,802 shares of the home improvement retailer’s stock after purchasing an additional 78 shares during the period. Home Depot makes up approximately 1.3% of Clear Rock Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Clear Rock Advisors LLC’s holdings in Home Depot were worth $2,993,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors boosted its position in shares of Home Depot by 7.2% during 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares in the last quarter. Norges Bank purchased a new position in shares of Home Depot in the 4th quarter worth $4,311,070,000. Fisher Asset Management LLC increased its holdings in shares of Home Depot by 2.3% in 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 buying an additional 195,670 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after acquiring an additional 971,833 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction 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 approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Home Depot stock traded down $3.15 during mid-day trading on Friday, reaching $355.43. 3,764,790 shares of the company traded hands, compared to its average volume of 3,182,945. The firm’s fifty day moving average is $346.18 and its two-hundred day moving average is $353.49. The company has a market capitalization of $352.45 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) 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 firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the firm earned $3.82 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. On average, equities research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HD shares. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th. UBS Group cut their price objective 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. HSBC lowered their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Finally, Wells Fargo & Company dropped their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $381.40.

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.