Ontario Teachers Pension Plan Board Reduces Stake in The Home Depot, Inc. (NYSE:HD)

Ontario Teachers Pension Plan Board decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 56.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,780 shares of the home improvement retailer's stock after selling 3,656 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Home Depot were worth $1,126,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HD. First Horizon Advisors Inc. raised its holdings in shares of Home Depot by 4.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 115,262 shares of the home improvement retailer's stock valued at $46,705,000 after buying an additional 4,502 shares in the last quarter. Advisors Asset Management Inc. grew its position in Home Depot by 2.7% during the third quarter. Advisors Asset Management Inc. now owns 90,340 shares of the home improvement retailer's stock valued at $36,606,000 after acquiring an additional 2,391 shares during the last quarter. Howe & Rusling Inc. raised its stake in shares of Home Depot by 6.7% during the third quarter. Howe & Rusling Inc. now owns 2,860 shares of the home improvement retailer's stock worth $1,159,000 after acquiring an additional 180 shares in the last quarter. Hilton Capital Management LLC lifted its holdings in shares of Home Depot by 1.6% in the 3rd quarter. Hilton Capital Management LLC now owns 33,042 shares of the home improvement retailer's stock worth $13,389,000 after acquiring an additional 525 shares during the last quarter. Finally, NS Partners Ltd boosted its stake in shares of Home Depot by 5.1% in the 3rd quarter. NS Partners Ltd now owns 2,688 shares of the home improvement retailer's stock valued at $1,089,000 after purchasing an additional 131 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 2.5 %

Shares of Home Depot stock traded up $10.18 during trading on Thursday, hitting $410.18. The company's stock had a trading volume of 2,597,722 shares, compared to its average volume of 3,388,473. The Home Depot, Inc. has a 52 week low of $306.48 and a 52 week high of $421.56. The company has a market capitalization of $407.43 billion, a PE ratio of 27.87, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a fifty day simple moving average of $402.43 and a two-hundred day simple moving average of $368.30. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 earnings per share. Equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

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 issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot's payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HD. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 target price on the stock. Royal Bank of Canada boosted their target price on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Evercore ISI increased their target price on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Bank of America increased their price objective on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. One investment 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's stock. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $426.00.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on Thursday, November 14th. The stock was 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 owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.