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

ORG Partners LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 22.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,753 shares of the home improvement retailer’s stock after selling 1,376 shares during the period. ORG Partners LLC’s holdings in Home Depot were worth $1,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fairway Wealth LLC purchased a new position in shares of Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the second quarter valued at about $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot in the first quarter valued at about $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the fourth quarter valued at about $39,000. Finally, Denver PWM LLC purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on HD shares. Evercore ISI lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Guggenheim lifted their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Price Performance

HD stock traded up $2.42 on Monday, hitting $414.32. 332,937 shares of the company’s stock traded hands, compared to its average volume of 3,374,041. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $420.03. The stock has a market cap of $410.85 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.88 and a beta of 1.00. The stock has a fifty day moving average of $378.34 and a 200-day moving average of $356.92. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business earned $4.65 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s payout ratio is 60.36%.

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.