Grimes & Company Inc. Buys 184 Shares of The Home Depot, Inc. (NYSE:HD)

Grimes & Company Inc. grew its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 3.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,833 shares of the home improvement retailer’s stock after acquiring an additional 184 shares during the period. Grimes & Company Inc.’s holdings in Home Depot were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Home Depot by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after acquiring an additional 701,811 shares in the last quarter. Norges Bank acquired a new position in shares of Home Depot in the fourth quarter valued at about $4,325,629,000. Fisher Asset Management LLC grew its stake in shares of Home Depot by 3.9% in the first quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock valued at $2,435,009,000 after acquiring an additional 303,885 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Home Depot by 12.2% in the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $2,166,946,000 after acquiring an additional 566,462 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Home Depot by 21.1% in the fourth quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock valued at $2,001,755,000 after acquiring an additional 840,033 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. OTR Global downgraded shares of Home Depot to a “positive” rating in a research note on Tuesday, May 10th. Gordon Haskett downgraded shares of Home Depot from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Morgan Stanley reduced 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 note on Wednesday, July 20th. Finally, MKM Partners assumed coverage on shares of Home Depot in a research note on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $368.45.

Insider Activity at Home Depot

In other news, Director Becker Caryn Seidman purchased 1,500 shares of the stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at $431,595. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Becker Caryn Seidman purchased 1,500 shares of the stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at $431,595. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now 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 owned by company insiders.

Home Depot Price Performance

Shares of NYSE HD opened at $309.69 on Friday. The company has a 50 day simple moving average of $290.90 and a 200 day simple moving average of $310.73. The firm has a market cap of $318.29 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $3.86 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.45%. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

About Home Depot

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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.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

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

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