Altman Advisors Inc. Takes Position in The Home Depot, Inc. (NYSE:HD)

Altman Advisors Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,759 shares of the home improvement retailer's stock, valued at approximately $1,928,000.

Other hedge funds have also modified their holdings of the company. Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock valued at $9,348,000 after purchasing an additional 5,879 shares during the period. Pegasus Asset Management Inc. boosted its position in shares of Home Depot by 1.8% during the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock worth $2,024,000 after purchasing an additional 86 shares in the last quarter. Swedbank AB raised its stake in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after purchasing an additional 132,967 shares during the last quarter. LGT Group Foundation increased its stake in shares of Home Depot by 121.0% during the 2nd quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer's stock valued at $92,727,000 after acquiring an additional 147,482 shares during the last quarter. Finally, CX Institutional increased its stake in shares of Home Depot by 225.6% during the 3rd quarter. CX Institutional now owns 32,717 shares of the home improvement retailer's stock valued at $13,257,000 after acquiring an additional 22,668 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE:HD traded down $6.82 during mid-day trading on Wednesday, hitting $399.98. The company's stock had a trading volume of 4,730,652 shares, compared to its average volume of 3,386,978. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market cap of $397.30 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.84 and a beta of 1.01. The business's fifty day moving average is $401.13 and its two-hundred day moving average is $367.78.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were 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 directly owns 77,475 shares of the company's stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a "buy" rating and a $420.00 price target for the company. TD Cowen boosted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Stifel Nicolaus upped their target price on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Company 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.