1ST Source Bank Has $9.55 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

1ST Source Bank lowered its stake in The Home Depot, Inc. (NYSE:HD) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,578 shares of the home improvement retailer’s stock after selling 1,042 shares during the quarter. Home Depot comprises approximately 0.5% of 1ST Source Bank’s holdings, making the stock its 28th largest holding. 1ST Source Bank’s holdings in Home Depot were worth $9,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Lantz Financial LLC raised its holdings in shares of Home Depot by 1.5% during the second quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after acquiring an additional 89 shares during the period. ERn Financial LLC raised its position in Home Depot by 2.4% in the 2nd quarter. ERn Financial LLC now owns 2,975 shares of the home improvement retailer’s stock valued at $1,024,000 after buying an additional 69 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its position in Home Depot by 37.9% during the 2nd quarter. Rappaport Reiches Capital Management LLC now owns 1,169 shares of the home improvement retailer’s stock worth $403,000 after acquiring an additional 321 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Home Depot by 10.2% during the 2nd quarter. Blue Trust Inc. now owns 32,529 shares of the home improvement retailer’s stock worth $11,198,000 after acquiring an additional 3,022 shares in the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Home Depot by 15.3% in the second quarter. Brookstone Capital Management now owns 34,460 shares of the home improvement retailer’s stock valued at $12,815,000 after purchasing an additional 4,564 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

NYSE HD traded up $1.46 during midday trading on Friday, hitting $415.88. The company had a trading volume of 418,032 shares, compared to its average volume of 3,362,508. The firm has a 50-day moving average price of $411.62 and a 200-day moving average price of $377.35. The company has a market capitalization of $413.12 billion, a PE ratio of 28.16, a P/E/G ratio of 2.93 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.81 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analyst Ratings Changes

Several brokerages have commented on HD. DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

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.