City Holding Co. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,641 shares of the home improvement retailer’s stock after selling 450 shares during the period. Home Depot makes up about 1.1% of City Holding Co.’s investment portfolio, making the stock its 18th biggest position. City Holding Co.’s holdings in Home Depot were worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Norges Bank bought a new stake in Home Depot during the 4th quarter worth about $3,740,875,000. Moneta Group Investment Advisors LLC grew its position in shares of Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after buying an additional 10,984,516 shares during the period. Cottage Street Advisors LLC grew its position in shares of Home Depot by 26,657.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after buying an additional 3,567,063 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Home Depot by 37.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,176,774 shares of the home improvement retailer’s stock worth $2,582,715,000 after buying an additional 2,247,709 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Home Depot in the first quarter valued at approximately $563,524,000. 69.91% of the stock is owned by institutional investors.
Insider Buying and Selling at Home Depot
In related news, EVP Hector A. Padilla sold 1,502 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the sale, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.
Analyst Upgrades and Downgrades
Home Depot Stock Down 2.3 %
Home Depot stock opened at $306.63 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The Home Depot, Inc. has a 1-year low of $265.61 and a 1-year high of $347.25. The company has a fifty day simple moving average of $295.39 and a 200 day simple moving average of $303.32. The company has a market cap of $308.28 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93.
Home Depot (NYSE:HD – Free Report) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The company had revenue of $37.26 billion during the quarter, compared to analysts’ expectations of $38.35 billion. During the same quarter last year, the company earned $4.09 EPS. Home Depot’s revenue for the quarter was down 4.2% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a $2.09 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.73%. Home Depot’s dividend payout ratio is presently 50.94%.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. 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.
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