First Horizon Advisors Inc. Sells 1,109 Shares of The Home Depot, Inc. (NYSE:HD)

First Horizon Advisors Inc. trimmed its position in The Home Depot, Inc. (NYSE:HDFree Report) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,848 shares of the home improvement retailer’s stock after selling 1,109 shares during the period. Home Depot makes up approximately 0.9% of First Horizon Advisors Inc.’s portfolio, making the stock its 26th biggest position. First Horizon Advisors Inc.’s holdings in Home Depot were worth $24,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC increased its holdings in Home Depot by 7.2% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 47,911 shares of the home improvement retailer’s stock worth $14,883,000 after purchasing an additional 3,211 shares in the last quarter. National Pension Service increased its holdings in Home Depot by 6.4% during the 2nd quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after purchasing an additional 92,354 shares in the last quarter. Outlook Wealth Advisors LLC increased its holdings in Home Depot by 3.6% during the 2nd quarter. Outlook Wealth Advisors LLC now owns 4,960 shares of the home improvement retailer’s stock worth $1,541,000 after purchasing an additional 171 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Home Depot by 178.0% during the 3rd quarter. International Assets Investment Management LLC now owns 43,691 shares of the home improvement retailer’s stock worth $13,202,000 after purchasing an additional 27,972 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in Home Depot by 3.6% during the 2nd quarter. Impax Asset Management Group plc now owns 5,391 shares of the home improvement retailer’s stock worth $1,675,000 after purchasing an additional 186 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on HD shares. Wedbush raised Home Depot from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $330.00 to $380.00 in a report on Wednesday. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Friday. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $325.00 to $372.00 in a research note on Thursday, January 4th. Royal Bank of Canada cut their target price on Home Depot from $303.00 to $299.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 15th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $325.00 target price on shares of Home Depot in a research note on Wednesday, November 15th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $345.46.

View Our Latest Stock Report on HD

Home Depot Trading Down 0.2 %

NYSE:HD opened at $355.69 on Friday. The company has a market cap of $354.00 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.65 and a beta of 0.97. The stock’s fifty day moving average price is $327.87 and its two-hundred day moving average price is $317.95. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $361.00. The company has a debt-to-equity ratio of 28.37, a current ratio of 1.30 and a quick ratio of 0.33.

Home Depot (NYSE:HDGet Free Report) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.06. The firm had revenue of $37.71 billion for the quarter, compared to the consensus estimate of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.24 earnings per share. As a group, analysts expect that The Home Depot, Inc. will post 15.05 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a dividend of $2.09 per share. The ex-dividend date was Wednesday, November 29th. This represents a $8.36 annualized dividend and a dividend yield of 2.35%. Home Depot’s dividend payout ratio is currently 53.66%.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 1,612 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total value of $506,006.80. Following the transaction, the executive vice president now owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP William D. Bastek sold 1,612 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total value of $506,006.80. Following the transaction, the executive vice president now owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 127 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $307.07, for a total transaction of $38,997.89. Following the completion of the transaction, the executive vice president now directly owns 12,565 shares in the company, valued at approximately $3,858,334.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,114 shares of company stock valued at $966,456. 0.19% of the stock is currently owned by company insiders.

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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.

Further Reading

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

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.