Stock Yards Bank & Trust Co. Decreases Position in The Home Depot, Inc. (NYSE:HD)

Stock Yards Bank & Trust Co. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,341 shares of the home improvement retailer's stock after selling 4,027 shares during the quarter. Home Depot makes up approximately 1.6% of Stock Yards Bank & Trust Co.'s holdings, making the stock its 14th biggest position. Stock Yards Bank & Trust Co.'s holdings in Home Depot were worth $51,193,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Tudor Financial Inc. purchased a new position in Home Depot during the third quarter valued at $1,027,000. McIlrath & Eck LLC lifted its position in shares of Home Depot by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock valued at $1,089,000 after buying an additional 115 shares in the last quarter. Invst LLC grew its stake in shares of Home Depot by 1.7% during the 3rd quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock valued at $2,719,000 after acquiring an additional 115 shares during the period. Unigestion Holding SA raised its stake in Home Depot by 12.0% during the 3rd quarter. Unigestion Holding SA now owns 65,167 shares of the home improvement retailer's stock worth $26,389,000 after acquiring an additional 6,995 shares during the period. Finally, Second Line Capital LLC raised its stake in Home Depot by 2.1% during the 3rd quarter. Second Line Capital LLC now owns 4,632 shares of the home improvement retailer's stock worth $1,877,000 after acquiring an additional 97 shares during the period. Institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HD shares. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Gordon Haskett raised shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Finally, Daiwa America raised Home Depot to a "hold" rating in a research note on Thursday, August 15th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Trading Down 1.7 %

HD stock traded down $6.96 during mid-day trading on Thursday, reaching $414.42. The company had a trading volume of 3,664,135 shares, compared to its average volume of 3,374,974. The firm has a 50 day moving average of $411.56 and a 200 day moving average of $377.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market capitalization of $411.67 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the business posted $3.81 EPS. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

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.