First Long Island Investors LLC Sells 1,116 Shares of The Home Depot, Inc. (NYSE:HD)

First Long Island Investors LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,445 shares of the home improvement retailer’s stock after selling 1,116 shares during the period. Home Depot accounts for 1.7% of First Long Island Investors LLC’s investment portfolio, making the stock its 24th biggest position. First Long Island Investors LLC’s holdings in Home Depot were worth $20,118,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bare Financial Services Inc bought a new stake in shares of Home Depot during the 4th quarter worth $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot during the 4th quarter worth $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter worth $31,000. PFG Private Wealth Management LLC lifted its holdings in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot during the 4th quarter worth $35,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HSBC dropped their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Mizuho initiated coverage on shares of Home Depot in a research report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. Guggenheim reiterated a “buy” rating and issued a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $352.00 to $395.00 in a research report on Wednesday, June 26th. Finally, Wells Fargo & Company decreased their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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 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 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 legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 2.1 %

NYSE:HD traded up $7.40 during mid-day trading on Friday, hitting $361.19. 819,970 shares of the company’s stock were exchanged, compared to its average volume of 3,417,950. The Home Depot, Inc. has a one year low of $274.26 and a one year 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 business has a fifty day moving average price of $339.19 and a 200 day moving average price of $352.02. The company has a market cap of $358.16 billion, a PE ratio of 23.72, a P/E/G ratio of 2.38 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 business had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the previous year, the firm posted $3.82 earnings per share. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid 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 2.49%. Home Depot’s dividend payout ratio is presently 60.36%.

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.