Mengis Capital Management Inc. Sells 100 Shares of The Home Depot, Inc. (NYSE:HD)

Mengis Capital Management Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,822 shares of the home improvement retailer’s stock after selling 100 shares during the quarter. Home Depot makes up approximately 1.4% of Mengis Capital Management Inc.’s portfolio, making the stock its 17th largest holding. Mengis Capital Management Inc.’s holdings in Home Depot were worth $7,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC raised its position in shares of Home Depot by 0.8% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 68,133 shares of the home improvement retailer’s stock valued at $28,276,000 after purchasing an additional 542 shares during the period. S.C. Financial Services Inc. bought a new position in shares of Home Depot in the fourth quarter valued at approximately $1,130,000. Aspen Investment Management Inc raised its position in shares of Home Depot by 1.3% in the fourth quarter. Aspen Investment Management Inc now owns 7,633 shares of the home improvement retailer’s stock valued at $3,168,000 after purchasing an additional 95 shares during the period. Magnolia Capital Advisors LLC raised its position in shares of Home Depot by 2.0% in the fourth quarter. Magnolia Capital Advisors LLC now owns 16,947 shares of the home improvement retailer’s stock valued at $7,033,000 after purchasing an additional 338 shares during the period. Finally, Eastern Bank raised its position in shares of Home Depot by 1.0% in the fourth quarter. Eastern Bank now owns 87,527 shares of the home improvement retailer’s stock valued at $36,324,000 after purchasing an additional 848 shares during the period. Institutional investors own 70.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HD shares. Jefferies Financial Group dropped their price target on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Citigroup boosted their target price on shares of Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. MKM Partners assumed coverage on shares of Home Depot in a research report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 target price on the stock. Morgan Stanley dropped their target price on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Finally, Guggenheim dropped their target price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $368.45.

Insider Activity

In related news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Becker Caryn Seidman acquired 1,500 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were purchased at an average cost of $287.73 per share, with a total value of $431,595.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at approximately $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

Home Depot Stock Up 0.5 %

Shares of NYSE:HD opened at $306.59 on Monday. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $420.61. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11. The company’s fifty day moving average is $288.95 and its 200-day moving average is $315.25. The company has a market capitalization of $315.10 billion, a PE ratio of 19.47, a P/E/G ratio of 2.00 and a beta of 0.98.

Home Depot (NYSE:HDGet Rating) last issued its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. During the same quarter in the previous year, the company earned $3.86 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.48%. Home Depot’s dividend payout ratio is presently 48.25%.

About Home Depot

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Recommended Stories

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.