Fulton Bank N.A. Has $8.80 Million Stake in The Home Depot, Inc. (NYSE:HD)

Fulton Bank N.A. reduced its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 1.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 22,947 shares of the home improvement retailer’s stock after selling 251 shares during the period. Fulton Bank N.A.’s holdings in Home Depot were worth $8,802,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CenterBook Partners LP grew its holdings in shares of Home Depot by 36.1% in the third quarter. CenterBook Partners LP now owns 2,108 shares of the home improvement retailer’s stock valued at $637,000 after acquiring an additional 559 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Home Depot by 31.4% during the 3rd quarter. Acadian Asset Management LLC now owns 34,825 shares of the home improvement retailer’s stock worth $10,515,000 after purchasing an additional 8,312 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in shares of Home Depot by 142.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 4,791 shares of the home improvement retailer’s stock worth $1,448,000 after buying an additional 2,817 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Home Depot by 3,216.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,740 shares of the home improvement retailer’s stock valued at $3,547,000 after buying an additional 11,386 shares during the period. Finally, Rice Partnership LLC increased its holdings in Home Depot by 20.0% during the third quarter. Rice Partnership LLC now owns 18,679 shares of the home improvement retailer’s stock worth $5,644,000 after buying an additional 3,110 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Home Depot stock traded down $0.30 during mid-day trading on Thursday, hitting $353.57. 3,660,930 shares of the company traded hands, compared to its average volume of 3,400,319. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market cap of $350.60 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The stock has a fifty day moving average price of $337.38 and a 200-day moving average price of $351.80.

Home Depot (NYSE:HDGet Free Report) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same period in the previous year, the business earned $3.82 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HD shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. Evercore ISI upped their price objective on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. HSBC reduced their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, UBS Group cut their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $377.46.

View Our Latest Stock Analysis on Home Depot

Insider Buying and Selling at Home Depot

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

Home Depot Company Profile

(Free Report)

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.

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

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