Segall Bryant & Hamill LLC Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Segall Bryant & Hamill LLC raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 248.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,385 shares of the home improvement retailer's stock after acquiring an additional 63,727 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Home Depot were worth $36,219,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HD. International Assets Investment Management LLC grew its position 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 in the last quarter. Legal & General Group Plc lifted its stake in shares of Home Depot by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer's stock worth $2,931,328,000 after acquiring an additional 100,139 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Home Depot by 15.0% during the 1st 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 acquiring an additional 971,833 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Home Depot by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer's stock worth $1,980,883,000 after acquiring an additional 138,396 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Home Depot by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer's stock worth $1,598,316,000 after purchasing an additional 333,312 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 1.3 %

HD traded down $5.26 on Wednesday, hitting $401.54. 1,604,484 shares of the company were exchanged, compared to its average volume of 3,372,736. The company has a market cap of $398.85 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a 50-day moving average price of $401.13 and a two-hundred day moving average price of $367.78. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given 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 yield of 2.24%. Home Depot's payout ratio is currently 61.14%.

Analysts Set New Price Targets

HD has been the topic of several research reports. Oppenheimer raised 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. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Bank of America lifted their price target on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Morgan Stanley lifted their price target on Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price objective for the company. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $426.00.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

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.