First Business Financial Services Inc. Sells 212 Shares of The Home Depot, Inc. (NYSE:HD)

First Business Financial Services Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,716 shares of the home improvement retailer’s stock after selling 212 shares during the quarter. First Business Financial Services Inc.’s holdings in Home Depot were worth $695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc lifted its position in Home Depot by 5.8% during the 3rd quarter. CIBC Asset Management Inc now owns 193,416 shares of the home improvement retailer’s stock worth $78,372,000 after buying an additional 10,566 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in shares of Home Depot by 3.1% in the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 49,196 shares of the home improvement retailer’s stock valued at $19,934,000 after purchasing an additional 1,500 shares during the period. Impax Asset Management Group plc lifted its position in shares of Home Depot by 81.8% in the third quarter. Impax Asset Management Group plc now owns 9,558 shares of the home improvement retailer’s stock valued at $3,873,000 after buying an additional 4,300 shares during the last quarter. Oak Harbor Wealth Partners LLC lifted its holdings in Home Depot by 1.0% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 9,662 shares of the home improvement retailer’s stock valued at $3,915,000 after purchasing an additional 100 shares during the last quarter. Finally, Neumann Capital Management LLC bought a new position in Home Depot during the third quarter worth $216,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HD. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada increased their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

Home Depot stock opened at $405.60 on Friday. The firm has a market cap of $402.88 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.83 and a beta of 1.01. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The stock’s 50 day moving average is $397.67 and its 200 day moving average is $365.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.81 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.06 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.22%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Home Depot 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.