GLOBALT Investments LLC GA Has $4.22 Million Stake in The Home Depot, Inc. (NYSE:HD)

GLOBALT Investments LLC GA lowered its stake in The Home Depot, Inc. (NYSE:HD) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,415 shares of the home improvement retailer’s stock after selling 222 shares during the period. GLOBALT Investments LLC GA’s holdings in Home Depot were worth $4,220,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. AMG National Trust Bank boosted its holdings in Home Depot by 5.1% in the third quarter. AMG National Trust Bank now owns 91,670 shares of the home improvement retailer’s stock valued at $37,145,000 after acquiring an additional 4,483 shares during the last quarter. Phillips Financial Management LLC boosted its stake in shares of Home Depot by 3.8% in the 3rd quarter. Phillips Financial Management LLC now owns 1,169 shares of the home improvement retailer’s stock valued at $474,000 after purchasing an additional 43 shares during the last quarter. Aljian Capital Management LLC boosted its stake in shares of Home Depot by 9.9% in the 3rd quarter. Aljian Capital Management LLC now owns 10,159 shares of the home improvement retailer’s stock valued at $4,116,000 after purchasing an additional 911 shares during the last quarter. Prudent Man Advisors LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $727,000. Finally, TrinityPoint Wealth LLC lifted its holdings in Home Depot by 0.8% in the third quarter. TrinityPoint Wealth LLC now owns 10,966 shares of the home improvement retailer’s stock valued at $4,443,000 after buying an additional 87 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction 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 sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Morgan Stanley raised their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

HD opened at $408.18 on Monday. The business’s 50-day simple moving average is $399.51 and its 200 day simple moving average is $366.81. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The firm has a market capitalization of $405.44 billion, a PE ratio of 27.73, a PEG ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD) last released 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 during the quarter, compared to the consensus estimate 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 for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.81 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend 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.