The Home Depot, Inc. (NYSE:HD) Shares Sold by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 21.4% in the first quarter, HoldingsChannel.com reports. The fund owned 1,730 shares of the home improvement retailer’s stock after selling 472 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Home Depot were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bare Financial Services Inc acquired a new position in Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $31,000. Gilfoyle & Co LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $35,000. Finally, Burkett Financial Services LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.9 %

NYSE HD traded down $3.15 on Friday, hitting $355.43. 3,764,790 shares of the stock were exchanged, compared to its average volume of 3,182,945. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market capitalization of $352.45 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 2.48 and a beta of 0.98. The company’s 50-day moving average price is $346.18 and its two-hundred day moving average price is $353.46.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share 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 firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the previous year, the company posted $3.82 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Insiders Place Their Bets

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. Guggenheim reaffirmed a “buy” rating and set a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Stifel Nicolaus lifted their price target on Home Depot from $374.00 to $380.00 and gave the company a “hold” rating in a report on Monday, July 15th. Wells Fargo & Company dropped their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. TD Cowen dropped their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.40.

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.