Morton Capital Management LLC CA Acquires 59 Shares of The Home Depot, Inc. (NYSE:HD)

Morton Capital Management LLC CA increased its position in The Home Depot, Inc. (NYSE:HD) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,525 shares of the home improvement retailer’s stock after buying an additional 59 shares during the quarter. Morton Capital Management LLC CA’s holdings in Home Depot were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Navigoe LLC purchased a new stake in Home Depot in the fourth quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $32,000. Quarry LP lifted its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $41,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

HD stock opened at $354.10 on Friday. The company has a market cap of $352.31 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business’s fifty day moving average is $362.73 and its 200-day moving average is $382.50.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter last year, the company posted $3.63 EPS. Home Depot’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. Home Depot’s dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Gordon Haskett boosted their price target on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. TD Securities downgraded Home Depot to a “buy” rating in a research note on Monday, June 2nd. KGI Securities raised Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their target price on Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $426.77.

Insider Transactions at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About Home Depot

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.