The Home Depot, Inc. (NYSE:HD) Shares Sold by MAI Capital Management

MAI Capital Management cut its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,920 shares of the home improvement retailer's stock after selling 1,306 shares during the quarter. Home Depot comprises about 0.8% of MAI Capital Management's holdings, making the stock its 26th largest position. MAI Capital Management's holdings in Home Depot were worth $87,086,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HD. AMG National Trust Bank lifted its stake in Home Depot by 5.1% during the third quarter. AMG National Trust Bank now owns 91,670 shares of the home improvement retailer's stock worth $37,145,000 after purchasing an additional 4,483 shares during the last quarter. Phillips Financial Management LLC boosted its stake in Home Depot by 3.8% during the 3rd quarter. Phillips Financial Management LLC now owns 1,169 shares of the home improvement retailer's stock valued at $474,000 after purchasing an additional 43 shares during the last quarter. Aljian Capital Management LLC boosted its stake in Home Depot by 9.9% during the 3rd quarter. Aljian Capital Management LLC now owns 10,159 shares of the home improvement retailer's stock valued at $4,116,000 after purchasing an additional 911 shares during the last quarter. Prudent Man Advisors LLC bought a new position in shares of Home Depot during the 3rd quarter valued at $727,000. Finally, TrinityPoint Wealth LLC lifted its holdings in shares of Home Depot by 0.8% during the 3rd quarter. TrinityPoint Wealth LLC now owns 10,966 shares of the home improvement retailer's stock valued at $4,443,000 after buying an additional 87 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Melius Research began coverage on Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Loop Capital raised Home Depot from a "hold" rating to a "buy" rating and upped their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $426.00.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company's stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Up 0.6 %

Home Depot stock traded up $2.26 during trading on Monday, hitting $410.44. The company had a trading volume of 3,388,445 shares, compared to its average volume of 3,381,620. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The company's 50 day simple moving average is $400.41 and its 200-day simple moving average is $367.33. The stock has a market cap of $407.69 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last issued 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter last year, the company posted $3.81 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. As a group, analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot's dividend payout ratio is presently 61.14%.

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.