Broderick Brian C Sells 50 Shares of The Home Depot, Inc. (NYSE:HD)

Broderick Brian C reduced its position in The Home Depot, Inc. (NYSE:HD) by 0.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 34,564 shares of the home improvement retailer’s stock after selling 50 shares during the period. Home Depot accounts for 2.7% of Broderick Brian C’s investment portfolio, making the stock its 12th largest holding. Broderick Brian C’s holdings in Home Depot were worth $14,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp grew its holdings in shares of Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after purchasing an additional 623 shares during the last quarter. M&G Plc purchased a new position in shares of Home Depot in the 1st quarter worth $68,129,000. First Foundation Advisors increased its holdings in shares of Home Depot by 5.0% in the 1st quarter. First Foundation Advisors now owns 11,278 shares of the home improvement retailer’s stock worth $4,326,000 after buying an additional 542 shares during the last quarter. Finally, Councilmark Asset Management LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at about $6,296,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Oppenheimer boosted their target price on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein initiated coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target for the company. Finally, Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. One research 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. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Down 1.1 %

NYSE:HD opened at $405.60 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The company has a 50-day moving average of $397.67 and a 200 day moving average of $365.56. The firm has a market cap of $402.88 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.06 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.22%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.