The Home Depot, Inc. (NYSE:HD) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,389 shares of the home improvement retailer's stock after selling 1,569 shares during the quarter. Home Depot comprises 2.8% of Strategic Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Strategic Advisors LLC's holdings in Home Depot were worth $15,150,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wulff Hansen & CO. raised its holdings in Home Depot by 33,540.9% during the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock worth $509,081,000 after purchasing an additional 1,474,459 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $513,016,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock valued at $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Swedbank AB acquired a new position in Home Depot during the first quarter worth $301,364,000. Finally, Jennison Associates LLC lifted its holdings in Home Depot by 13.1% in the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer's stock valued at $1,886,271,000 after acquiring an additional 569,690 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HD. Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a "buy" rating and a $420.00 target price for the company. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Royal Bank of Canada reduced their price objective on Home Depot from $377.00 to $363.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 14th. Piper Sandler lifted their price objective on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Finally, Guggenheim raised their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $402.38.

Home Depot Stock Down 1.5 %

NYSE HD traded down $6.07 during trading hours on Thursday, reaching $410.00. 3,040,487 shares of the company traded hands, compared to its average volume of 3,392,034. The stock has a market capitalization of $406.56 billion, a PE ratio of 27.50, a PEG ratio of 2.71 and a beta of 1.00. The company has a 50 day moving average of $376.18 and a two-hundred day moving average of $356.72. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $420.03.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company earned $4.65 earnings per share. Home Depot's quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot's dividend payout ratio (DPR) is 60.36%.

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.