Carderock Capital Management Inc. trimmed its stake in Home Depot Inc (NYSE:HD) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,275 shares of the home improvement retailer’s stock after selling 376 shares during the period. Home Depot comprises 1.9% of Carderock Capital Management Inc.’s holdings, making the stock its 29th biggest holding. Carderock Capital Management Inc.’s holdings in Home Depot were worth $4,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Your Advocates Ltd. LLP bought a new position in shares of Home Depot during the 1st quarter worth $27,000. Lion Street Advisors LLC purchased a new stake in Home Depot in the first quarter worth about $28,000. Litman Gregory Asset Management LLC grew its holdings in Home Depot by 2,042.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after acquiring an additional 143 shares in the last quarter. Evolution Wealth Advisors LLC increased its position in Home Depot by 85.9% during the 4th quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 73 shares during the period. Finally, John W. Brooker & Co. CPAs bought a new stake in shares of Home Depot in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 69.75% of the company’s stock.

NYSE:HD traded up $0.27 during midday trading on Friday, hitting $241.15. The company’s stock had a trading volume of 179,031 shares, compared to its average volume of 5,816,201. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $248.32. The firm has a market cap of $255.84 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.19 and a beta of 1.03. The firm’s 50 day moving average is $212.69 and its 200-day moving average is $219.44.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.19). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. During the same period last year, the company earned $2.27 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that Home Depot Inc will post 9.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot’s payout ratio is currently 58.54%.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $241.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Loop Capital boosted their price target on Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday. Wedbush upped their price objective on Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday. Credit Suisse Group lifted their target price on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Bank of America increased their price target on shares of Home Depot from $238.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $251.03.

In other news, EVP William G. Lennie sold 9,848 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $234.34, for a total value of $2,307,780.32. Following the sale, the executive vice president now owns 37,995 shares in the company, valued at $8,903,748.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Featured Story: Ex-Dividend

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.