Raymond James Trust N.A. Purchases 990 Shares of The Home Depot, Inc. (NYSE:HD)

Raymond James Trust N.A. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 148,540 shares of the home improvement retailer’s stock after buying an additional 990 shares during the quarter. Home Depot makes up approximately 1.3% of Raymond James Trust N.A.’s portfolio, making the stock its 8th largest position. Raymond James Trust N.A.’s holdings in Home Depot were worth $60,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new position in Home Depot during the 2nd quarter worth $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 2.5 %

Shares of HD stock opened at $410.18 on Friday. The Home Depot, Inc. has a 1-year low of $306.48 and a 1-year high of $421.56. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market cap of $407.43 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.83 and a beta of 1.01. The stock has a 50-day moving average of $402.43 and a 200-day moving average of $368.30.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. Morgan Stanley raised their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Barclays boosted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction 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. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company 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.