Pathstone Holdings LLC Has $77.28 Million Position in The Home Depot, Inc. (NYSE:HD)

Pathstone Holdings LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,726 shares of the home improvement retailer’s stock after purchasing an additional 4,938 shares during the period. Pathstone Holdings LLC’s holdings in Home Depot were worth $77,276,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Lindenwold Advisors INC boosted its stake in shares of Home Depot by 1.0% during the 3rd quarter. Lindenwold Advisors INC now owns 5,895 shares of the home improvement retailer’s stock valued at $2,389,000 after buying an additional 58 shares during the period. Aviance Capital Partners LLC increased its stake in shares of Home Depot by 0.4% in the third quarter. Aviance Capital Partners LLC now owns 12,717 shares of the home improvement retailer’s stock worth $5,154,000 after acquiring an additional 46 shares during the last quarter. Baron Wealth Management LLC purchased a new stake in shares of Home Depot during the third quarter worth $316,000. New England Asset Management Inc. boosted its position in Home Depot by 0.7% during the third quarter. New England Asset Management Inc. now owns 12,064 shares of the home improvement retailer’s stock valued at $4,888,000 after purchasing an additional 85 shares during the last quarter. Finally, Joseph Group Capital Management grew its stake in Home Depot by 18.0% in the third quarter. Joseph Group Capital Management now owns 10,923 shares of the home improvement retailer’s stock valued at $4,426,000 after purchasing an additional 1,668 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $410.44 on Tuesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $407.69 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The firm has a fifty day moving average price of $400.41 and a two-hundred day moving average price of $367.33. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD) last released 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 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during 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% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current 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 given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Melius Research began coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity

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

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.