American Trust Sells 2,391 Shares of The Home Depot, Inc. (NYSE:HD)

American Trust decreased its position in The Home Depot, Inc. (NYSE:HD) by 17.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,672 shares of the home improvement retailer’s stock after selling 2,391 shares during the quarter. American Trust’s holdings in Home Depot were worth $4,729,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HD. Lantz Financial LLC boosted its position in Home Depot by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock valued at $2,069,000 after acquiring an additional 89 shares in the last quarter. ERn Financial LLC raised its holdings in Home Depot by 2.4% in the second quarter. ERn Financial LLC now owns 2,975 shares of the home improvement retailer’s stock worth $1,024,000 after purchasing an additional 69 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in Home Depot by 37.9% in the second quarter. Rappaport Reiches Capital Management LLC now owns 1,169 shares of the home improvement retailer’s stock worth $403,000 after purchasing an additional 321 shares in the last quarter. Blue Trust Inc. lifted its position in Home Depot by 10.2% during the second quarter. Blue Trust Inc. now owns 32,529 shares of the home improvement retailer’s stock valued at $11,198,000 after buying an additional 3,022 shares during the period. Finally, Brookstone Capital Management boosted its holdings in shares of Home Depot by 15.3% during the 2nd quarter. Brookstone Capital Management now owns 34,460 shares of the home improvement retailer’s stock valued at $12,815,000 after buying an additional 4,564 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 1.6 %

NYSE HD opened at $414.45 on Friday. The company has a fifty day moving average of $411.62 and a two-hundred day moving average of $377.35. The firm has a market capitalization of $411.70 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.93 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping 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 net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.81 earnings per share. On average, analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HD shares. Wells Fargo & Company upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Oppenheimer raised their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the 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 transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Home Depot 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.