Key Client Fiduciary Advisors LLC Sells 160 Shares of The Home Depot, Inc. (NYSE:HD)

Key Client Fiduciary Advisors LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 3.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,321 shares of the home improvement retailer’s stock after selling 160 shares during the quarter. Home Depot accounts for about 0.9% of Key Client Fiduciary Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Key Client Fiduciary Advisors LLC’s holdings in Home Depot were worth $1,658,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares in the last quarter. Norges Bank purchased a new stake in shares of Home Depot in the 4th quarter worth about $4,311,070,000. Fisher Asset Management LLC boosted its stake in shares of Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after purchasing an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Home Depot by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after buying an additional 82,672 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.1 %

NYSE:HD opened at $341.49 on Friday. The company has a market cap of $338.62 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The company has a 50 day simple moving average of $338.15 and a two-hundred day simple moving average of $352.59. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. Guggenheim restated a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. UBS Group dropped their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Tuesday, May 14th. Wells Fargo & Company lowered their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Finally, DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the stock from $352.00 to $395.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Profile

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.