New Century Investment Management Inc. reduced its stake in Home Depot, Inc. (The) (NYSE:HD) by 44.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,878 shares of the home improvement retailer’s stock after selling 16,514 shares during the period. Home Depot, Inc. (The) accounts for 2.3% of New Century Investment Management Inc.’s investment portfolio, making the stock its 7th largest position. New Century Investment Management Inc.’s holdings in Home Depot, Inc. (The) were worth $2,687,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HD. Brookfield Asset Management Inc. boosted its position in Home Depot, Inc. (The) by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock worth $104,000 after buying an additional 113 shares during the last quarter. Valley National Advisers Inc. boosted its position in Home Depot, Inc. (The) by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 128 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Home Depot, Inc. (The) by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 239 shares during the last quarter. Invictus RG boosted its position in Home Depot, Inc. (The) by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock worth $121,000 after buying an additional 645 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. boosted its position in Home Depot, Inc. (The) by 247.0% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 968 shares of the home improvement retailer’s stock worth $124,000 after buying an additional 689 shares during the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

Home Depot, Inc. (NYSE:HD) traded down 0.15% during midday trading on Friday, hitting $134.87. The company had a trading volume of 1,855,857 shares. Home Depot, Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The firm has a market capitalization of $164.29 billion, a P/E ratio of 21.89 and a beta of 1.09. The company has a 50 day moving average price of $133.73 and a 200 day moving average price of $131.19.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. Home Depot, Inc. (The) had a return on equity of 123.29% and a net margin of 8.23%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. Equities research analysts forecast that Home Depot, Inc. will post $6.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.04%. The ex-dividend date was Tuesday, November 29th. Home Depot, Inc. (The)’s dividend payout ratio is currently 44.66%.

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A number of research analysts have recently commented on HD shares. Macquarie restated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 1st. Jefferies Group restated a “buy” rating and issued a $149.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, November 16th. Bank of America restated a “buy” rating and issued a $128.72 target price (up previously from $127.67) on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 15th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Tuesday, October 4th. Finally, Argus restated a “buy” rating and issued a $154.00 target price on shares of Home Depot, Inc. (The) in a research note on Saturday, November 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $144.38.

In other Home Depot, Inc. (The) news, EVP Edward P. Decker sold 20,000 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total transaction of $2,616,000.00. Following the sale, the executive vice president now directly owns 63,878 shares of the company’s stock, valued at approximately $8,355,242.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffery H. Boyd purchased 10,000 shares of the business’s stock in a transaction on Friday, November 18th. The shares were bought at an average cost of $128.27 per share, for a total transaction of $1,282,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $1,282,700. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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