Sentry Investment Management LLC Sells 1,427 Shares of The Home Depot, Inc. (NYSE:HD)

Sentry Investment Management LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 29.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,416 shares of the home improvement retailer's stock after selling 1,427 shares during the quarter. Sentry Investment Management LLC's holdings in Home Depot were worth $1,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Home Depot by 27.6% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after acquiring an additional 5,879 shares in the last quarter. Empirical Finance LLC lifted its position in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer's stock valued at $14,242,000 after buying an additional 1,195 shares during the period. Pegasus Asset Management Inc. lifted 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 valued at $2,024,000 after buying an additional 86 shares during the period. Commonwealth Retirement Investments LLC raised its position in shares of Home Depot by 5.5% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer's stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. Finally, Swedbank AB raised its position 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 worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Wednesday, August 14th. Loop Capital upgraded Home Depot from a "hold" rating to a "buy" rating and upped their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their price objective on Home Depot from $380.00 to $375.00 and set a "hold" rating on the stock in a report on Wednesday, August 14th. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a report on Tuesday, September 24th. Finally, Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They set a "buy" rating and a $426.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $415.26.

Home Depot Stock Up 1.2 %

NYSE:HD traded up $4.64 during mid-day trading on Tuesday, reaching $400.21. The stock had a trading volume of 2,491,282 shares, compared to its average volume of 3,347,601. The business's 50 day moving average is $393.49 and its 200 day moving average is $362.92. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56. The stock has a market cap of $397.53 billion, a P/E ratio of 26.93, a PEG ratio of 2.72 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% 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 prior year, the company posted $4.65 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Thursday, August 29th. Home Depot's dividend payout ratio (DPR) is currently 60.57%.

Home Depot 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.