The Home Depot, Inc. (NYSE:HD) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 22.4% in the third quarter, Holdings Channel reports. The institutional investor owned 29,593 shares of the home improvement retailer’s stock after selling 8,524 shares during the quarter. Intech Investment Management LLC’s holdings in Home Depot were worth $11,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. WFA Asset Management Corp increased its holdings in Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after acquiring an additional 623 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in Home Depot by 2.5% during the first quarter. Epoch Investment Partners Inc. now owns 471,566 shares of the home improvement retailer’s stock worth $180,893,000 after purchasing an additional 11,442 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in Home Depot by 8.6% in the first quarter. Bank of Nova Scotia Trust Co. now owns 10,218 shares of the home improvement retailer’s stock worth $3,920,000 after purchasing an additional 805 shares during the period. Finally, Lazard Asset Management LLC increased its stake in Home Depot by 2.0% during the first quarter. Lazard Asset Management LLC now owns 1,383,280 shares of the home improvement retailer’s stock valued at $530,626,000 after purchasing an additional 26,771 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’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 owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % 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 insiders.

Home Depot Stock Up 2.5 %

NYSE HD opened at $410.18 on Friday. The Home Depot, Inc. has a 12 month low of $306.48 and a 12 month high of $421.56. The company has a market capitalization of $407.43 billion, a P/E ratio of 27.87, a PEG ratio of 2.83 and a beta of 1.01. The company’s 50 day simple moving average is $402.43 and its 200 day simple moving average is $368.30. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (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 analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.81 earnings per share. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Analyst Ratings Changes

Several research firms have recently commented on HD. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Piper Sandler lifted their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. TD Cowen boosted their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Sanford C. Bernstein started coverage on Home Depot in a research report 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, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

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.