Park National Corp OH Sells 961 Shares of The Home Depot, Inc. (NYSE:HD)

Park National Corp OH cut its holdings in The Home Depot, Inc. (NYSE:HD) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 34,508 shares of the home improvement retailer’s stock after selling 961 shares during the period. Park National Corp OH’s holdings in Home Depot were worth $13,237,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HD. Bare Financial Services Inc bought a new position in Home Depot during the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the fourth quarter valued at $27,000. Keener Financial Planning LLC bought a new position in Home Depot during the fourth quarter valued at $31,000. PFG Private Wealth Management LLC grew its holdings in Home Depot by 53.3% during 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 period. Finally, Gilfoyle & Co LLC bought a new position in Home Depot during the fourth quarter valued at $35,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 1.2 %

HD traded up $4.35 on Tuesday, hitting $353.85. The company had a trading volume of 1,786,648 shares, compared to its average volume of 3,383,583. The stock 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 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market capitalization of $350.88 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.40 and a beta of 1.00. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping 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 previous year, the business earned $3.82 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.54%. Home Depot’s payout ratio is currently 60.36%.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on HD shares. Mizuho started coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 target price on the stock. DA Davidson restated a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research report on Monday, April 1st. 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 research report on Wednesday, May 15th. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Evercore ISI increased their price objective on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.46.

Home Depot Company 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.