Monumental Financial Group Inc. Sells 93 Shares of The Home Depot, Inc. (NYSE:HD)

Monumental Financial Group Inc. lowered its position in The Home Depot, Inc. (NYSE:HD) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,506 shares of the home improvement retailer’s stock after selling 93 shares during the quarter. Home Depot comprises approximately 0.7% of Monumental Financial Group Inc.’s portfolio, making the stock its 24th largest holding. Monumental Financial Group Inc.’s holdings in Home Depot were worth $1,345,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HD. Bare Financial Services Inc bought a new position in shares of Home Depot during the fourth quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $27,000. Keener Financial Planning LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC grew its stake in shares of 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 buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of HD traded up $2.75 during trading hours on Friday, reaching $344.24. 6,344,192 shares of the stock traded hands, compared to its average volume of 3,519,389. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company’s 50-day moving average price is $338.51 and its two-hundred day moving average price is $352.60. The company has a market cap of $341.35 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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 analysts’ expectations of $36.65 billion. During the same quarter in the previous year, the company earned $3.82 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current 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 given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Evercore ISI raised their price objective on shares of Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Bank of America raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wedbush restated an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. Finally, DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $352.00 to $395.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $378.42.

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.