The Home Depot, Inc. (NYSE:HD) Shares Sold by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,211 shares of the home improvement retailer’s stock after selling 258 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Home Depot were worth $10,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. increased its holdings in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Swedbank AB purchased a new stake in Home Depot during the 1st quarter worth about $301,364,000. Finally, Sarasin & Partners LLP boosted its position in shares of Home Depot by 95.2% during the 2nd quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock worth $392,411,000 after acquiring an additional 556,053 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Barclays upped their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

HD opened at $408.18 on Monday. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The stock has a market cap of $405.44 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01. The stock’s 50 day simple moving average is $399.51 and its 200 day simple moving average is $366.81. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

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.