HM Payson & Co. Sells 184 Shares of The Home Depot, Inc. (NYSE:HD)

HM Payson & Co. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 263,915 shares of the home improvement retailer’s stock after selling 184 shares during the quarter. Home Depot comprises approximately 1.8% of HM Payson & Co.’s investment portfolio, making the stock its 13th largest holding. HM Payson & Co.’s holdings in Home Depot were worth $106,938,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after buying an additional 8,762,735 shares during the last quarter. Legal & General Group Plc grew its stake in Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock valued at $2,931,328,000 after acquiring an additional 100,139 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock worth $1,980,883,000 after acquiring an additional 138,396 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after purchasing an additional 569,690 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several analyst reports. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Jefferies Financial Group started coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Stock Performance

Shares of HD opened at $393.80 on Friday. The Home Depot, Inc. has a 12-month low of $281.61 and a 12-month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market cap of $391.16 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.72 and a beta of 1.00. The stock has a 50-day moving average price of $392.17 and a 200-day moving average price of $361.25.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $4.65 earnings per share. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio is presently 60.57%.

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.