Arthur M. Cohen & Associates LLC Sells 2,286 Shares of The Home Depot, Inc. (NYSE:HD)

Arthur M. Cohen & Associates LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 11.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,115 shares of the home improvement retailer's stock after selling 2,286 shares during the period. Home Depot accounts for 1.3% of Arthur M. Cohen & Associates LLC's portfolio, making the stock its 16th biggest holding. Arthur M. Cohen & Associates LLC's holdings in Home Depot were worth $6,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of HD. International Assets Investment Management LLC lifted its holdings in 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 acquiring an additional 8,762,735 shares during the last quarter. Legal & General Group Plc lifted its stake in Home Depot by 1.2% during the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer's stock valued at $2,931,328,000 after purchasing an additional 100,139 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Home Depot by 15.0% during 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 purchasing an additional 971,833 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer's stock worth $1,980,883,000 after buying an additional 138,396 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer's stock worth $1,598,316,000 after buying an additional 333,312 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HD shares. Truist Financial increased their price objective on Home Depot from $395.00 to $455.00 and gave the company a "buy" rating in a research report on Monday, October 14th. DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a "buy" rating and a $420.00 price objective for the company. Finally, Royal Bank of Canada dropped their target price on shares of Home Depot from $377.00 to $363.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $416.37.

Home Depot Stock Performance

Shares of NYSE:HD traded down $11.90 during midday trading on Wednesday, hitting $388.19. The company's stock had a trading volume of 7,129,534 shares, compared to its average volume of 3,364,879. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock's 50 day simple moving average is $393.80 and its 200 day simple moving average is $363.10. The stock has a market capitalization of $385.59 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.72 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm posted $4.65 EPS. The company's revenue was up .6% on a year-over-year basis. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.32%. Home Depot's dividend payout ratio is 60.57%.

About Home Depot

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.