The Home Depot, Inc. (NYSE:HD) Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,411 shares of the home improvement retailer’s stock after selling 60 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Home Depot were worth $925,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Bare Financial Services Inc acquired a new position in shares of Home Depot in the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $31,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HD shares. Evercore ISI upped their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Mizuho began coverage on Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. Finally, UBS Group decreased their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Stock Down 0.3 %

Shares of HD traded down $1.09 during mid-day trading on Monday, reaching $354.71. The company’s stock had a trading volume of 883,771 shares, compared to its average volume of 3,406,974. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a market cap of $351.73 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company’s 50 day moving average is $337.65 and its 200 day moving average is $352.41.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter in the prior year, the business posted $3.82 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.54%. Home Depot’s dividend payout ratio is presently 60.36%.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

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.