The Home Depot, Inc. (NYSE:HD) Holdings Decreased by Vinva Investment Management Ltd

Vinva Investment Management Ltd reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 26.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,252 shares of the home improvement retailer’s stock after selling 10,544 shares during the period. Vinva Investment Management Ltd’s holdings in Home Depot were worth $11,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Counselors Inc. lifted its position in Home Depot by 2.6% in the 3rd quarter. Financial Counselors Inc. now owns 141,186 shares of the home improvement retailer’s stock worth $57,209,000 after buying an additional 3,566 shares in the last quarter. Noesis Capital Mangement Corp increased its stake in shares of Home Depot by 35.7% in the third quarter. Noesis Capital Mangement Corp now owns 2,407 shares of the home improvement retailer’s stock worth $975,000 after acquiring an additional 633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Home Depot by 5.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer’s stock worth $3,253,952,000 after acquiring an additional 409,890 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Home Depot by 342.0% during the third quarter. Public Sector Pension Investment Board now owns 168,139 shares of the home improvement retailer’s stock valued at $68,130,000 after purchasing an additional 130,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Home Depot by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 498,373 shares of the home improvement retailer’s stock valued at $201,941,000 after purchasing an additional 4,374 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on HD. Mizuho raised their price target on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. DA Davidson boosted their target price 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. UBS Group raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Guggenheim lifted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD opened at $427.32 on Thursday. The company has a market capitalization of $424.48 billion, a PE ratio of 29.03, a P/E/G ratio of 2.98 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company’s fifty day moving average is $405.95 and its 200-day moving average is $370.81. The Home Depot, Inc. has a 52 week low of $308.59 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last issued 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the firm earned $3.81 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 yield of 2.11%. Home Depot’s payout ratio is 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.