Castleview Partners LLC Sells 1,877 Shares of The Home Depot, Inc. (NYSE:HD)

Castleview Partners LLC decreased its stake in The Home Depot, Inc. (NYSE:HD) by 32.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,835 shares of the home improvement retailer’s stock after selling 1,877 shares during the period. Home Depot accounts for approximately 1.0% of Castleview Partners LLC’s holdings, making the stock its 21st largest position. Castleview Partners LLC’s holdings in Home Depot were worth $1,405,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HD. Wealth Group Ltd. lifted its stake in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after purchasing an additional 27 shares during the last quarter. Sollinda Capital Management LLC lifted its stake in Home Depot by 2.5% during the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer’s stock worth $434,000 after purchasing an additional 27 shares during the last quarter. Hurlow Wealth Management Group Inc. lifted its stake in Home Depot by 1.3% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer’s stock worth $831,000 after purchasing an additional 27 shares during the last quarter. Invst LLC lifted its stake in Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer’s stock worth $2,621,000 after purchasing an additional 28 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC increased its holdings in shares of Home Depot by 2.0% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer’s stock worth $577,000 after buying an additional 29 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on HD. Gordon Haskett lifted their price objective on Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. Royal Bank Of Canada decreased their price objective on Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $410.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Evercore ISI set a $400.00 price objective on Home Depot and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Finally, Mizuho decreased their price objective on Home Depot from $450.00 to $435.00 and set an “outperform” rating on the stock in a report on Wednesday, May 21st. Seven 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 stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.77.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares of the company’s stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.9%

HD stock opened at $350.21 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business’s 50 day moving average price is $362.65 and its two-hundred day moving average price is $380.08. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market capitalization of $348.44 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analysts’ expectations of $39.24 billion. During the same quarter last year, the company posted $3.63 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.63%. Home Depot’s dividend payout ratio is currently 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.