Measured Wealth Private Client Group LLC Sells 346 Shares of The Home Depot, Inc. (NYSE:HD)

Measured Wealth Private Client Group LLC lowered its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,261 shares of the home improvement retailer’s stock after selling 346 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Home Depot were worth $677,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Home Depot by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after buying an additional 701,811 shares during the last quarter. Norges Bank purchased a new position in shares of Home Depot in the 4th quarter worth approximately $4,325,629,000. Fisher Asset Management LLC grew its position in shares of Home Depot by 4.6% in the 4th quarter. Fisher Asset Management LLC now owns 7,830,978 shares of the home improvement retailer’s stock worth $3,249,934,000 after buying an additional 346,970 shares during the last quarter. Deutsche Bank AG grew its position in shares of Home Depot by 12.2% in the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after buying an additional 566,462 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Home Depot by 21.1% in the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $2,001,755,000 after buying an additional 840,033 shares during the last quarter. Institutional investors own 70.61% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at $3,248,052.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at $3,248,052.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 11,293 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. Morgan Stanley cut their price objective 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. Raymond James dropped their target price on shares of Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 18th. Wells Fargo & Company dropped their target price on shares of Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. OTR Global downgraded shares of Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Finally, Wedbush dropped their target price on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 18th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $368.45.

Home Depot Stock Performance

HD opened at $298.18 on Wednesday. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The firm has a fifty day moving average price of $289.10 and a 200 day moving average price of $314.52. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The stock has a market cap of $306.46 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.00 and a beta of 0.98.

Home Depot (NYSE:HDGet Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (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 21,952.60%. The firm had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same period in the previous year, the business posted $3.86 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 16.43 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio is presently 48.25%.

Home Depot Profile

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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.

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

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