The Home Depot, Inc. (NYSE:HD) Shares Sold by First United Bank & Trust

First United Bank & Trust lessened its stake in The Home Depot, Inc. (NYSE:HD) by 1.7% during the first quarter, Holdings Channel reports. The firm owned 2,638 shares of the home improvement retailer’s stock after selling 45 shares during the period. First United Bank & Trust’s holdings in Home Depot were worth $967,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot in the 4th quarter valued at $28,000. Navigoe LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the 4th quarter worth $32,000. Quarry LP lifted its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC acquired a new position in Home Depot in the 4th quarter worth $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

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

Home Depot Stock Performance

Shares of HD opened at $360.35 on Thursday. The company’s fifty day moving average is $361.89 and its 200-day moving average is $383.78. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market cap of $358.52 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Dividend Announcement

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. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. Home Depot’s dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. DA Davidson cut their price objective on shares of Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Morgan Stanley reiterated an “overweight” rating and issued a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Wells Fargo & Company dropped their target price on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Finally, Gordon Haskett boosted their target price on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued 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 an average target price of $426.77.

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.