The Home Depot, Inc. (NYSE:HD) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,211 shares of the home improvement retailer’s stock after selling 1,761 shares during the quarter. Home Depot comprises about 0.9% of Logan Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Logan Capital Management Inc.’s holdings in Home Depot were worth $21,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HD. Fairway Wealth LLC acquired a new position in Home Depot during the second quarter worth $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the second quarter valued at $33,000. Denver PWM LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $40,000. Legacy Investment Solutions LLC acquired a new stake in Home Depot in the 3rd quarter valued at about $41,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter worth about $46,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock traded up $1.91 during trading hours on Friday, reaching $416.33. 131,085 shares of the company’s stock were exchanged, compared to its average volume of 3,361,226. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 has a market capitalization of $413.57 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.93 and a beta of 1.03. The business has a fifty day moving average price of $411.62 and a 200-day moving average price of $377.35.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm 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 company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.81 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. Home Depot’s payout ratio is 61.14%.

Analysts Set New Price Targets

Several research firms recently commented on HD. Wells Fargo & Company upped their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Mizuho lifted 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. Stifel Nicolaus raised their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. Finally, DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction 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 in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last 90 days. 0.10% of the stock is owned by insiders.

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.