Prudent Man Advisors LLC Invests $727,000 in The Home Depot, Inc. (NYSE:HD)

Prudent Man Advisors LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,794 shares of the home improvement retailer's stock, valued at approximately $727,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. grew its holdings in shares of 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock worth $2,853,143,000 after purchasing an additional 971,833 shares during the last quarter. Swedbank AB purchased a new position in shares of Home Depot during the first quarter worth about $301,364,000. Finally, Sarasin & Partners LLP grew its holdings in shares of Home Depot by 95.2% during the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer's stock worth $392,411,000 after purchasing an additional 556,053 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on 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 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company's stock.

Home Depot Trading Up 0.6 %

HD stock traded up $2.26 during midday trading on Monday, hitting $410.44. The stock had a trading volume of 3,388,445 shares, compared to its average volume of 3,381,620. The firm has a market cap of $407.69 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. 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 Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. The company's 50-day moving average price is $400.41 and its 200 day moving average price is $367.33.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly 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 company had revenue of $40.22 billion for 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%. Home Depot's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $3.81 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm 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 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 61.14%.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price objective on the stock. Guggenheim increased their target price 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. Mizuho increased their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus 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.