Total Investment Management Inc. Has $234,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Total Investment Management Inc. lessened its position in The Home Depot, Inc. (NYSE:HD) by 5.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 610 shares of the home improvement retailer’s stock after selling 32 shares during the period. Total Investment Management Inc.’s holdings in Home Depot were worth $234,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Bare Financial Services Inc bought a new position in shares of Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot during the 4th quarter worth $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the 4th quarter worth $31,000. PFG Private Wealth Management LLC raised its holdings in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated 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 owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $352.00 to $395.00 in a research report on Wednesday. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Tuesday, May 14th. Finally, HSBC dropped their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Trading Up 0.8 %

Shares of NYSE HD traded up $2.75 during midday trading on Friday, reaching $344.24. The company had a trading volume of 6,344,192 shares, compared to its average volume of 3,519,389. The stock has a market cap of $341.35 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm’s fifty day moving average price is $338.51 and its 200-day moving average price is $352.60. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $3.82 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.