General Partner Inc. Has $3.83 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

General Partner Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,979 shares of the home improvement retailer’s stock after buying an additional 709 shares during the quarter. Home Depot makes up 2.4% of General Partner Inc.’s portfolio, making the stock its 7th largest position. General Partner Inc.’s holdings in Home Depot were worth $3,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot during the 1st quarter valued at about $38,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Home Depot by 14.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,970 shares of the home improvement retailer’s stock valued at $1,376,000 after purchasing an additional 509 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $12,591,000. Fairman Group LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $173,000. Finally, Napatree Capital LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $299,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.2 %

NYSE:HD traded up $4.22 during midday trading on Tuesday, hitting $353.72. 1,187,352 shares of the company were exchanged, compared to its average volume of 3,378,460. The company has a fifty day simple moving average of $337.33 and a 200 day simple moving average of $351.54. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The company has a market capitalization of $350.75 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 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 firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period last year, the business earned $3.82 EPS. Home Depot’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 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 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 2.54%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Analyst Ratings Changes

Several research analysts recently commented on HD shares. UBS Group reduced their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Guggenheim reissued a “buy” rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Mizuho assumed coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot 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 completion of 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 document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.