KPP Advisory Services LLC Has $2.53 Million Holdings in The Home Depot, Inc. (NYSE:HD)

KPP Advisory Services LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 6,238 shares of the home improvement retailer’s stock after purchasing an additional 43 shares during the quarter. KPP Advisory Services LLC’s holdings in Home Depot were worth $2,528,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Maxwell Wealth Strategies Inc. lifted its holdings in Home Depot by 13.8% during the third quarter. Maxwell Wealth Strategies Inc. now owns 11,533 shares of the home improvement retailer’s stock worth $4,614,000 after acquiring an additional 1,396 shares during the period. Natixis Advisors LLC lifted its holdings in Home Depot by 10.2% during the third quarter. Natixis Advisors LLC now owns 747,413 shares of the home improvement retailer’s stock worth $302,852,000 after acquiring an additional 69,121 shares during the period. Nicollet Investment Management Inc. lifted its holdings in Home Depot by 1.3% during the third quarter. Nicollet Investment Management Inc. now owns 8,445 shares of the home improvement retailer’s stock worth $3,422,000 after acquiring an additional 112 shares during the period. Vawter Financial Ltd. bought a new stake in Home Depot during the third quarter worth $210,000. Finally, Northcape Wealth Management LLC lifted its holdings in Home Depot by 0.8% during the third quarter. Northcape Wealth Management LLC now owns 7,486 shares of the home improvement retailer’s stock worth $3,033,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Evercore ISI lifted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Up 0.6 %

HD stock traded up $2.46 during trading on Friday, hitting $408.18. 3,239,545 shares of the stock traded hands, compared to its average volume of 3,381,447. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. The firm’s 50 day moving average is $399.51 and its two-hundred day moving average is $366.34. The stock has a market cap of $405.44 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for 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%. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.81 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.06 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

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.