The Home Depot, Inc. (NYSE:HD) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,109 shares of the home improvement retailer’s stock after selling 663 shares during the period. Home Depot makes up 1.8% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 14th biggest position. Adell Harriman & Carpenter Inc.’s holdings in Home Depot were worth $25,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Texas Capital Bank Wealth Management Services Inc lifted its holdings in shares of Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock valued at $9,348,000 after buying an additional 5,879 shares during the period. Empirical Finance LLC lifted its holdings in Home Depot by 3.3% in the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after acquiring an additional 1,195 shares during the last quarter. Pegasus Asset Management Inc. boosted its position in shares of Home Depot by 1.8% during the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after purchasing an additional 86 shares in the last quarter. Commonwealth Retirement Investments LLC grew its stake in shares of Home Depot by 5.5% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HD shares. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. Royal Bank of Canada decreased their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Finally, TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Stock Performance

HD stock opened at $392.60 on Thursday. The company has a market capitalization of $389.31 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.78 and a beta of 1.00. The firm has a 50 day moving average of $391.61 and a two-hundred day moving average of $361.03. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 12 month low of $281.61 and a 12 month high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

About Home Depot

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.