Charles Schwab Trust Co Sells 679 Shares of The Home Depot, Inc. (NYSE:HD)

Charles Schwab Trust Co reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 9.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,148 shares of the home improvement retailer’s stock after selling 679 shares during the period. Charles Schwab Trust Co’s holdings in Home Depot were worth $2,253,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Home Depot by 20.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,204 shares of the home improvement retailer’s stock valued at $4,842,000 after purchasing an additional 2,213 shares during the last quarter. Boltwood Capital Management increased its position in Home Depot by 2.9% during the 1st quarter. Boltwood Capital Management now owns 2,870 shares of the home improvement retailer’s stock worth $1,052,000 after purchasing an additional 80 shares in the last quarter. Lake Street Private Wealth LLC lifted its stake in Home Depot by 14.2% in the 1st quarter. Lake Street Private Wealth LLC now owns 4,671 shares of the home improvement retailer’s stock valued at $1,712,000 after purchasing an additional 581 shares during the last quarter. Eclectic Associates Inc. ADV grew its stake in shares of Home Depot by 1.5% during the first quarter. Eclectic Associates Inc. ADV now owns 12,647 shares of the home improvement retailer’s stock worth $4,635,000 after buying an additional 191 shares during the last quarter. Finally, KWB Wealth grew its position in Home Depot by 5.3% during the 1st quarter. KWB Wealth now owns 2,202 shares of the home improvement retailer’s stock worth $857,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares of the company’s stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Jefferies Financial Group cut their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research note on Wednesday, May 21st. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price target on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Home Depot Trading Down 0.2%

NYSE HD opened at $372.50 on Thursday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. The business has a 50 day moving average price of $361.54 and a 200-day moving average price of $385.28. The company has a market cap of $370.61 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the business posted $3.63 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot’s payout ratio is presently 62.42%.

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.