Mechanics Bank Trust Department Sells 208 Shares of The Home Depot, Inc. (NYSE:HD)

Mechanics Bank Trust Department lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,680 shares of the home improvement retailer’s stock after selling 208 shares during the quarter. Mechanics Bank Trust Department’s holdings in Home Depot were worth $6,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bare Financial Services Inc bought a new position in shares of Home Depot during the 4th quarter valued at approximately $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $31,000. Burkett Financial Services LLC bought a new position in Home Depot during the fourth quarter valued at $38,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot in the first quarter worth $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was 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 of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Up 0.1 %

Shares of Home Depot stock traded up $0.30 on Friday, hitting $348.64. The stock had a trading volume of 2,314,771 shares, compared to its average volume of 3,403,096. The stock’s 50-day simple moving average is $348.16 and its two-hundred day simple moving average is $353.22. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market cap of $345.72 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.82 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their price target on Home Depot from $374.00 to $380.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. TD Cowen dropped their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Evercore ISI lifted their price objective on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $384.00.

Home Depot 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.