Penserra Capital Management LLC Trims Holdings in The Home Depot, Inc. (NYSE:HD)

Penserra Capital Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 98.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,199 shares of the home improvement retailer's stock after selling 474,170 shares during the quarter. Penserra Capital Management LLC's holdings in Home Depot were worth $2,510,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after buying an additional 5,879 shares during the period. Pegasus Asset Management Inc. boosted its holdings in Home Depot by 1.8% in the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock valued at $2,024,000 after purchasing an additional 86 shares during the period. Swedbank AB raised its stake in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after buying an additional 132,967 shares in the last quarter. LGT Group Foundation raised its stake in shares of Home Depot by 121.0% in the 2nd quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer's stock valued at $92,727,000 after buying an additional 147,482 shares in the last quarter. Finally, CX Institutional raised its stake in shares of Home Depot by 225.6% in the 3rd quarter. CX Institutional now owns 32,717 shares of the home improvement retailer's stock valued at $13,257,000 after buying an additional 22,668 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the 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 sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.2 %

Shares of NYSE HD traded up $0.85 during mid-day trading on Tuesday, hitting $429.52. 2,751,964 shares of the stock traded hands, compared to its average volume of 3,397,400. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a 52 week low of $308.59 and a 52 week high of $439.37. The company has a market cap of $426.67 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.92 and a beta of 1.01. The stock has a fifty day moving average price of $404.17 and a 200-day moving average price of $369.82.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 firm had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. During the same quarter in the previous year, the business earned $3.81 earnings per share. The company's revenue was up 6.6% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is 61.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Morgan Stanley increased their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Oppenheimer increased their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 24th. Wells Fargo & Company increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 price objective on the stock. Finally, Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. One 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $426.00.

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.