Hill Investment Group Partners LLC Lowers Position in The Home Depot, Inc. (NYSE:HD)

Hill Investment Group Partners LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 695 shares of the home improvement retailer’s stock after selling 32 shares during the period. Hill Investment Group Partners LLC’s holdings in Home Depot were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cullinan Associates Inc. lifted its position in Home Depot by 8.9% during the second quarter. Cullinan Associates Inc. now owns 29,576 shares of the home improvement retailer’s stock valued at $10,181,000 after purchasing an additional 2,411 shares during the last quarter. Matrix Trust Co raised its position in shares of Home Depot by 5.0% during the 2nd quarter. Matrix Trust Co now owns 5,677 shares of the home improvement retailer’s stock valued at $1,954,000 after buying an additional 271 shares in the last quarter. Albion Financial Group UT lifted its holdings in shares of Home Depot by 0.7% in the 2nd quarter. Albion Financial Group UT now owns 65,587 shares of the home improvement retailer’s stock valued at $22,578,000 after acquiring an additional 437 shares during the last quarter. RDA Financial Network grew its position in Home Depot by 18.1% in the second quarter. RDA Financial Network now owns 3,899 shares of the home improvement retailer’s stock worth $1,342,000 after acquiring an additional 598 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Home Depot by 12.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 10,408 shares of the home improvement retailer’s stock worth $3,583,000 after acquiring an additional 1,118 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions 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 value of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of HD stock opened at $427.00 on Tuesday. The stock’s 50-day moving average is $407.48 and its 200 day moving average is $372.20. The Home Depot, Inc. has a 1-year low of $318.96 and a 1-year high of $439.37. 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 $424.16 billion, a P/E ratio of 29.01, a PEG ratio of 2.98 and a beta of 1.03.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $3.81 EPS. Research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.11%. Home Depot’s dividend payout ratio is presently 61.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HD. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Oppenheimer lifted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Evercore ISI increased their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the stock 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 assigned a buy rating to the company. According to data from MarketBeat, Home Depot has a consensus 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.