The Home Depot, Inc. (NYSE:HD) Shares Sold by Parthenon LLC

Parthenon LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,841 shares of the home improvement retailer’s stock after selling 600 shares during the period. Home Depot makes up approximately 1.2% of Parthenon LLC’s holdings, making the stock its 25th largest holding. Parthenon LLC’s holdings in Home Depot were worth $9,660,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted 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. Wulff Hansen & CO. boosted its position in shares of Home Depot by 33,540.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after acquiring an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Home Depot by 15.0% in the first 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 during the period. Swedbank AB acquired a new stake in Home Depot during the first quarter worth about $301,364,000. Finally, Sarasin & Partners LLP increased its position in Home Depot by 95.2% during the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock worth $392,411,000 after purchasing an additional 556,053 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 1.3 %

Shares of HD traded up $5.04 during midday trading on Wednesday, hitting $408.12. The company had a trading volume of 763,037 shares, compared to its average volume of 3,371,817. The Home Depot, Inc. has a 1 year low of $300.14 and a 1 year high of $421.56. The firm has a market capitalization of $405.38 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company’s 50-day simple moving average is $396.76 and its 200-day simple moving average is $365.25.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter last year, the company earned $3.81 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current 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 dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. Home Depot’s payout ratio is currently 60.57%.

Analyst Ratings Changes

Several analysts have recently weighed in on HD shares. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target for the company. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Jefferies Financial Group started coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Evercore ISI lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $424.67.

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.