Rodgers Brothers Inc. Sells 5,177 Shares of The Home Depot, Inc. (NYSE:HD)

Rodgers Brothers Inc. trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 70.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,152 shares of the home improvement retailer's stock after selling 5,177 shares during the period. Rodgers Brothers Inc.'s holdings in Home Depot were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in HD. Bare Financial Services Inc purchased a new stake in Home Depot during the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $27,000. Keener Financial Planning LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $31,000. PFG Private Wealth Management LLC increased its stake 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 worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $35,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

NYSE HD traded up $6.35 during mid-day trading on Friday, reaching $359.64. 2,439,073 shares of the stock were exchanged, compared to its average volume of 3,417,482. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The business's 50 day moving average is $342.86 and its 200-day moving average is $353.16. The company has a market capitalization of $356.62 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.42 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD - Get Free Report) last posted 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. The company had revenue of $36.42 billion during the quarter, compared to analysts' expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.82 earnings per share. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.3 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot's dividend payout ratio (DPR) is 60.36%.

Analyst Ratings Changes

HD has been the subject of a number of analyst reports. TD Cowen cut their price objective on shares of Home Depot from $440.00 to $420.00 and set a "buy" rating for the company in a research report on Wednesday, May 15th. Jefferies Financial Group started coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a "buy" rating and a $426.00 price objective for the company. Wedbush reaffirmed an "outperform" rating and issued a $410.00 target price on shares of Home Depot in a research note on Friday, May 10th. HSBC decreased their target price on shares of Home Depot from $323.00 to $318.00 and set a "reduce" rating on the stock in a research note on Wednesday, May 15th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $380.58.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated 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 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 is available through this link. Company insiders own 0.10% of the company's stock.

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.

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