Captrust Financial Advisors Sells 9,390 Shares of The Home Depot, Inc. (NYSE:HD)

Captrust Financial Advisors trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 243,769 shares of the home improvement retailer's stock after selling 9,390 shares during the quarter. Captrust Financial Advisors' holdings in Home Depot were worth $98,775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Jacobs Levy Equity Management Inc. bought a new position in Home Depot in the 1st quarter valued at about $430,000. Verity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter worth about $215,000. Soltis Investment Advisors LLC lifted its stake in Home Depot by 6.8% in the 1st quarter. Soltis Investment Advisors LLC now owns 2,825 shares of the home improvement retailer's stock valued at $1,084,000 after purchasing an additional 179 shares during the last quarter. Clear Rock Advisors LLC grew its stake in shares of Home Depot by 1.0% during the first quarter. Clear Rock Advisors LLC now owns 7,802 shares of the home improvement retailer's stock worth $2,993,000 after buying an additional 78 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Home Depot by 32.3% during the first quarter. EverSource Wealth Advisors LLC now owns 26,096 shares of the home improvement retailer's stock worth $10,010,000 after buying an additional 6,371 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was 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 $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Home Depot Stock Up 0.5 %

Shares of HD traded up $1.94 during trading hours on Friday, reaching $429.13. 2,028,702 shares of the stock traded hands, compared to its average volume of 3,386,808. The Home Depot, Inc. has a 52 week low of $308.59 and a 52 week high of $439.37. The company has a market cap of $426.28 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.97 and a beta of 1.01. The stock has a fifty day simple moving average of $406.69 and a 200 day simple moving average of $371.20. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.81 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HD shares. Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They set a "buy" rating and a $420.00 price objective on the stock. UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Wells Fargo & Company raised their target price on Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Finally, Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

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.