Caprock Group LLC Buys 330 Shares of The Home Depot, Inc. (NYSE:HD)

Caprock Group LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,109 shares of the home improvement retailer’s stock after buying an additional 330 shares during the quarter. Home Depot accounts for approximately 0.6% of Caprock Group LLC’s holdings, making the stock its 27th largest position. Caprock Group LLC’s holdings in Home Depot were worth $15,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings 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 valued at $35,575,880,000 after buying an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. grew its holdings in Home Depot by 33,540.9% during the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 worth $2,853,143,000 after buying an additional 971,833 shares during the period. Swedbank AB bought a new position in shares of Home Depot during the 1st quarter valued at approximately $301,364,000. Finally, Sarasin & Partners LLP increased its holdings in Home Depot by 95.2% in the 2nd quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock worth $392,411,000 after acquiring an additional 556,053 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on HD. UBS Group raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Wells Fargo & Company raised their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI upped their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Melius Research began coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of Home Depot stock opened at $410.44 on Tuesday. The company has a market capitalization 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 Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock’s fifty day moving average is $400.41 and its two-hundred day moving average is $367.33.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $3.81 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot’s dividend payout ratio is currently 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.