Home Depot Inc (NYSE:HD) Shares Sold by Palisade Asset Management LLC

Palisade Asset Management LLC trimmed its position in shares of Home Depot Inc (NYSE:HD) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,230 shares of the home improvement retailer’s stock after selling 469 shares during the period. Home Depot makes up 2.7% of Palisade Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Palisade Asset Management LLC’s holdings in Home Depot were worth $17,455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its position in shares of Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after acquiring an additional 9,370,409 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Home Depot by 0.5% during the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock worth $1,731,916,000 after purchasing an additional 44,258 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Home Depot by 0.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock worth $1,488,431,000 after purchasing an additional 25,410 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Home Depot by 8.7% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock worth $1,632,392,000 after purchasing an additional 478,602 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Home Depot by 2.4% during the second quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock worth $1,151,422,000 after purchasing an additional 127,532 shares during the period. 69.96% of the stock is owned by institutional investors and hedge funds.

HD has been the subject of several research reports. Morgan Stanley raised their price target on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Wolfe Research initiated coverage on shares of Home Depot in a report on Tuesday, October 8th. They set a “buy” rating and a $260.00 price target for the company. Goldman Sachs Group initiated coverage on shares of Home Depot in a report on Thursday, July 11th. They set a “buy” rating and a $235.00 price target for the company. UBS Group raised their price target on shares of Home Depot from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Home Depot in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $228.24.

In related news, EVP William G. Lennie sold 9,200 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the sale, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by insiders.

Shares of Home Depot stock traded up $2.12 on Friday, reaching $237.97. The stock had a trading volume of 1,441,074 shares, compared to its average volume of 3,586,174. The business’s 50-day moving average price is $229.69 and its two-hundred day moving average price is $210.94. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $238.17. The stock has a market cap of $258.04 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.30 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The business had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. During the same period in the previous year, the company earned $3.05 earnings per share. Home Depot’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s payout ratio is 55.01%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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