The Home Depot, Inc. (NYSE:HD) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 57.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,310 shares of the home improvement retailer’s stock after selling 81,776 shares during the quarter. Banco Santander S.A.’s holdings in Home Depot were worth $24,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HD. L & S Advisors Inc boosted its stake in shares of Home Depot by 3.0% during the 3rd quarter. L & S Advisors Inc now owns 7,760 shares of the home improvement retailer’s stock valued at $3,144,000 after buying an additional 227 shares during the period. Integrated Investment Consultants LLC boosted its holdings in Home Depot by 1.5% in the 3rd quarter. Integrated Investment Consultants LLC now owns 2,124 shares of the home improvement retailer’s stock valued at $861,000 after purchasing an additional 31 shares during the period. Running Point Capital Advisors LLC grew its position in Home Depot by 7.2% in the 3rd quarter. Running Point Capital Advisors LLC now owns 1,355 shares of the home improvement retailer’s stock worth $549,000 after purchasing an additional 91 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Home Depot by 14.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,663 shares of the home improvement retailer’s stock worth $1,079,000 after purchasing an additional 329 shares during the period. Finally, Tradewinds LLC. raised its holdings in Home Depot by 9.6% in the 3rd quarter. Tradewinds LLC. now owns 2,025 shares of the home improvement retailer’s stock valued at $821,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $401.46 on Thursday. The business has a 50-day simple moving average of $401.72 and a 200 day simple moving average of $368.01. The Home Depot, Inc. has a 52 week low of $306.48 and a 52 week high of $421.56. The stock has a market cap of $398.77 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $3.81 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 2.24%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was 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 in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.