Edmonds Duncan Registered Investment Advisors LLC Reduces Position in The Home Depot, Inc. (NYSE:HD)

Edmonds Duncan Registered Investment Advisors LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,558 shares of the home improvement retailer’s stock after selling 50 shares during the period. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Home Depot were worth $598,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HD. Bare Financial Services Inc acquired a new stake in Home Depot during the 4th quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $27,000. Keener Financial Planning LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC boosted its position in shares of Home Depot by 53.3% in the 4th 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 purchased a new position in Home Depot during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD traded down $1.47 during trading on Tuesday, hitting $334.72. 511,991 shares of the stock were exchanged, compared to its average volume of 3,436,084. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a market cap of $331.91 billion, a PE ratio of 22.46, a P/E/G ratio of 2.38 and a beta of 0.99. The company has a fifty day moving average price of $338.51 and a two-hundred day moving average price of $352.80. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. Guggenheim reissued a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. Bank of America increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Citigroup dropped their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, UBS Group dropped their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.