Mutual of America Capital Management LLC Sells 3,884 Shares of The Home Depot, Inc. (NYSE:HD)

Mutual of America Capital Management LLC reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,482 shares of the home improvement retailer's stock after selling 3,884 shares during the period. Home Depot makes up about 0.6% of Mutual of America Capital Management LLC's holdings, making the stock its 18th largest holding. Mutual of America Capital Management LLC's holdings in Home Depot were worth $52,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Texas Capital Bank Wealth Management Services Inc grew its position in shares of Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock valued at $9,348,000 after purchasing an additional 5,879 shares in the last quarter. Pegasus Asset Management Inc. grew its position in Home Depot by 1.8% during the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock worth $2,024,000 after buying an additional 86 shares in the last quarter. Swedbank AB raised its holdings in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after acquiring an additional 132,967 shares in the last quarter. LGT Group Foundation raised its holdings in shares of Home Depot by 121.0% in the 2nd quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer's stock valued at $92,727,000 after acquiring an additional 147,482 shares in the last quarter. Finally, CX Institutional boosted its position in shares of Home Depot by 225.6% during the 3rd quarter. CX Institutional now owns 32,717 shares of the home improvement retailer's stock valued at $13,257,000 after acquiring an additional 22,668 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now directly owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. Finally, Piper Sandler increased their price objective on Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Stock Up 0.6 %

HD stock traded up $2.46 during midday trading on Friday, hitting $408.18. The stock had a trading volume of 3,239,545 shares, compared to its average volume of 3,475,878. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The firm has a market cap of $405.44 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The business has a 50-day moving average of $399.51 and a two-hundred day moving average of $366.56. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last released 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm 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 firm earned $3.81 EPS. The company's revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot's dividend payout ratio is currently 61.14%.

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.