The Home Depot, Inc. (NYSE:HD) Position Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,210,564 shares of the home improvement retailer's stock after selling 26,099 shares during the period. Home Depot comprises approximately 0.8% of PNC Financial Services Group Inc.'s holdings, making the stock its 14th biggest holding. PNC Financial Services Group Inc. owned about 0.32% of Home Depot worth $1,300,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Fairway Wealth LLC purchased a new position in shares of Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at approximately $40,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the 3rd quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Home Depot stock traded down $3.56 during midday trading on Tuesday, hitting $406.88. The company's stock had a trading volume of 3,228,816 shares, compared to its average volume of 3,380,938. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock's 50-day moving average price is $400.41 and its 200-day moving average price is $367.33. The company has a market capitalization of $404.15 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last released its 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. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.81 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. UBS Group increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Finally, Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and boosted their target price for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $426.00.

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.