The Home Depot, Inc. (NYSE:HD) Shares Sold by Commerce Bank

Commerce Bank decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 234,599 shares of the home improvement retailer's stock after selling 2,997 shares during the quarter. Commerce Bank's holdings in Home Depot were worth $95,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MWA Asset Management boosted its holdings in shares of Home Depot by 1.1% in the 3rd quarter. MWA Asset Management now owns 7,887 shares of the home improvement retailer's stock worth $3,196,000 after purchasing an additional 82 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Home Depot by 248.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 89,385 shares of the home improvement retailer's stock worth $36,219,000 after purchasing an additional 63,727 shares during the period. Prospera Private Wealth LLC purchased a new position in Home Depot during the 3rd quarter valued at $3,617,000. Counterweight Ventures LLC boosted its holdings in Home Depot by 0.7% during the 3rd quarter. Counterweight Ventures LLC now owns 7,408 shares of the home improvement retailer's stock valued at $3,002,000 after acquiring an additional 52 shares during the period. Finally, New Millennium Group LLC boosted its holdings in Home Depot by 634.2% during the 3rd quarter. New Millennium Group LLC now owns 2,342 shares of the home improvement retailer's stock valued at $949,000 after acquiring an additional 2,023 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a report on Monday, November 11th. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Loop Capital raised Home Depot from a "hold" rating to a "buy" rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Trading Down 1.5 %

Shares of HD traded down $5.92 during midday trading on Wednesday, hitting $400.88. 1,728,226 shares of the stock were exchanged, compared to its average volume of 3,373,640. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56. The stock has a fifty day simple moving average of $401.13 and a 200 day simple moving average of $367.78. The firm has a market cap of $398.19 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.84 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.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during 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%. Home Depot's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.25%. The ex-dividend date is Wednesday, November 27th. Home Depot's dividend payout ratio is presently 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

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.