Copley Financial Group Inc. Makes New $607,000 Investment in The Home Depot, Inc. (NYSE:HD)

Copley Financial Group Inc. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,498 shares of the home improvement retailer's stock, valued at approximately $607,000.

Several other institutional investors also recently modified their holdings of the business. Fairway Wealth LLC acquired a new position in shares of Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $33,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the third quarter valued at approximately $41,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the third quarter worth $46,000. Finally, Denver PWM LLC purchased a new stake in Home Depot in the 2nd quarter valued at $40,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD traded up $2.55 during midday trading on Friday, reaching $416.97. 2,649,716 shares of the stock traded hands, compared to its average volume of 3,372,001. The company's 50 day moving average is $411.62 and its 200 day moving average is $377.35. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market capitalization of $414.20 billion, a PE ratio of 28.26, a P/E/G ratio of 2.93 and a beta of 1.03. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Wednesday, November 27th. Home Depot's dividend payout ratio is currently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company'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 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 represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HD shares. Daiwa America upgraded shares of Home Depot to a "hold" rating in a research note on Thursday, August 15th. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 target price for the company. Bank of America increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Mizuho boosted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus 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.