Captrust Financial Advisors Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)

Captrust Financial Advisors lessened its position in The Home Depot, Inc. (NYSE:HD) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,769 shares of the home improvement retailer’s stock after selling 9,390 shares during the quarter. Captrust Financial Advisors’ holdings in Home Depot were worth $98,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kingfisher Capital LLC lifted its position in Home Depot by 1.3% during the third quarter. Kingfisher Capital LLC now owns 5,099 shares of the home improvement retailer’s stock worth $2,066,000 after buying an additional 66 shares in the last quarter. Infusive Asset Management Inc. lifted its position in Home Depot by 37.0% during the third quarter. Infusive Asset Management Inc. now owns 17,617 shares of the home improvement retailer’s stock worth $7,138,000 after buying an additional 4,762 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in Home Depot by 4.6% during the third quarter. Icon Wealth Advisors LLC now owns 15,592 shares of the home improvement retailer’s stock worth $6,318,000 after buying an additional 690 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Home Depot by 2.4% during the third quarter. Rockefeller Capital Management L.P. now owns 620,673 shares of the home improvement retailer’s stock worth $251,444,000 after buying an additional 14,252 shares in the last quarter. Finally, CWS Financial Advisors LLC lifted its position in Home Depot by 3.9% during the third quarter. CWS Financial Advisors LLC now owns 2,284 shares of the home improvement retailer’s stock worth $925,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HD shares. Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, TD Cowen raised their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

Home Depot stock opened at $427.19 on Friday. 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 company has a fifty day simple moving average of $406.69 and a 200-day simple moving average of $371.20. The stock has a market cap of $424.35 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $308.59 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the business earned $3.81 EPS. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

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.