The Home Depot, Inc. (NYSE:HD) Shares Purchased by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,786 shares of the home improvement retailer’s stock after acquiring an additional 821 shares during the period. Home Depot accounts for about 1.7% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 19th biggest position. Adell Harriman & Carpenter Inc.’s holdings in Home Depot were worth $23,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HD. Navigoe LLC purchased a new stake in Home Depot in the 4th quarter valued at approximately $29,000. Quarry LP boosted its holdings in 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 in the last quarter. Sellwood Investment Partners LLC purchased a new stake in Home Depot in the 4th quarter valued at approximately $39,000. Spurstone Advisory Services LLC purchased a new stake in Home Depot in the 4th quarter valued at approximately $45,000. Finally, Vega Investment Solutions purchased a new stake in Home Depot in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.1%

Shares of Home Depot stock opened at $371.36 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market cap of $369.47 billion, a PE ratio of 25.19, a P/E/G ratio of 3.53 and a beta of 1.00. The business’s fifty day moving average is $365.14 and its two-hundred day moving average is $376.33. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.63 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.48%. Home Depot’s dividend payout ratio is currently 62.42%.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HD. Sanford C. Bernstein reissued a “market perform” rating and set a $398.00 price target (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. Mizuho decreased their price target on Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 21st. Royal Bank Of Canada decreased their price target on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 15th. Stifel Nicolaus raised Home Depot from a “hold” rating to a “buy” rating and boosted their price target for the stock from $405.00 to $425.00 in a research note on Wednesday, May 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

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.