The Home Depot, Inc. (NYSE:HD) Shares Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. increased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,453 shares of the home improvement retailer’s stock after purchasing an additional 35 shares during the quarter. Centaurus Financial Inc.’s holdings in Home Depot were worth $1,805,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the 2nd quarter worth $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the second quarter worth $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot in the second quarter worth about $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 2.3 %

Shares of NYSE:HD opened at $420.00 on Monday. The firm’s 50-day moving average is $403.23 and its two-hundred day moving average is $369.25. 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 Home Depot, Inc. has a 1 year low of $308.31 and a 1 year high of $421.56. The firm has a market capitalization of $417.21 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.81 EPS. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 yield of 2.14%. Home Depot’s payout ratio is 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last quarter. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on HD shares. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Bank of America lifted their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.

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.