Union Savings Bank Has $1.30 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Union Savings Bank lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,763 shares of the home improvement retailer’s stock after selling 383 shares during the period. Home Depot makes up 0.7% of Union Savings Bank’s portfolio, making the stock its 29th biggest position. Union Savings Bank’s holdings in Home Depot were worth $1,304,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Sand Hill Global Advisors LLC increased its holdings in shares of Home Depot by 2.5% during the fourth quarter. Sand Hill Global Advisors LLC now owns 6,709 shares of the home improvement retailer’s stock worth $2,325,000 after buying an additional 164 shares in the last quarter. Delta Asset Management LLC TN raised its position in Home Depot by 0.8% in the 4th quarter. Delta Asset Management LLC TN now owns 10,446 shares of the home improvement retailer’s stock worth $3,620,000 after purchasing an additional 86 shares during the last quarter. Richwood Investment Advisors LLC raised its position in Home Depot by 5.1% in the 4th quarter. Richwood Investment Advisors LLC now owns 3,219 shares of the home improvement retailer’s stock worth $1,115,000 after purchasing an additional 155 shares during the last quarter. JPL Wealth Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $1,863,000. Finally, Central Valley Advisors LLC bought a new position in Home Depot in the 4th quarter worth approximately $3,572,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.7 %

NYSE HD traded down $5.59 on Wednesday, reaching $330.56. The company had a trading volume of 4,021,409 shares, compared to its average volume of 3,395,532. The firm has a market capitalization of $327.59 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company’s fifty day moving average is $353.45 and its 200-day moving average is $347.61.

Home Depot (NYSE:HD) last announced its earnings results 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 firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same period in the prior year, the business earned $3.82 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts forecast that The Home Depot, Inc. will post 15.31 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $9.00 annualized dividend and a yield of 2.72%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Wedbush reaffirmed an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. TD Cowen lowered their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Citigroup lowered their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Matt Carey sold 56,008 shares of the company’s 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 sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The disclosure for this sale can be found here. Insiders have sold 100,991 shares of company stock valued at $35,915,914 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

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.