Amarillo National Bank acquired a new position in shares of Home Depot, Inc. (The) (NYSE:HD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,336 shares of the home improvement retailer’s stock, valued at approximately $219,000.

Several other institutional investors have also bought and sold shares of the company. Jacobi Capital Management LLC lifted its stake in Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares during the last quarter. Glassman Wealth Services lifted its stake in Home Depot by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares during the last quarter. St. Johns Investment Management Company LLC lifted its stake in Home Depot by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after purchasing an additional 495 shares during the last quarter. Mascoma Wealth Management LLC lifted its stake in Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares during the last quarter. Finally, Acrospire Investment Management LLC lifted its stake in Home Depot by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 70.37% of the company’s stock.

In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the stock. BMO Capital Markets set a $191.00 target price on shares of Home Depot and gave the company a “buy” rating in a research note on Friday. Guggenheim assumed coverage on shares of Home Depot in a research note on Wednesday, December 13th. They issued a “buy” rating and a $200.00 target price for the company. Oppenheimer reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, December 7th. Morgan Stanley set a $185.00 target price on shares of Home Depot and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Sanford C. Bernstein set a $170.00 target price on shares of Home Depot and gave the company a “hold” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $183.28.

Home Depot, Inc. (NYSE:HD) opened at $182.58 on Monday. Home Depot, Inc. has a fifty-two week low of $133.05 and a fifty-two week high of $186.31. The company has a market cap of $213,195.95, a P/E ratio of 25.36, a PEG ratio of 1.85 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period last year, the firm earned $1.60 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. research analysts predict that Home Depot, Inc. will post 7.37 EPS for the current fiscal year.

Home Depot declared that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.89 per share. The ex-dividend date was Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.95%. Home Depot’s dividend payout ratio is presently 49.44%.

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About Home Depot

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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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