The Home Depot, Inc. (NYSE:HD) Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,528 shares of the home improvement retailer’s stock after selling 56 shares during the quarter. Linscomb Wealth Inc.’s holdings in Home Depot were worth $2,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at $33,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter valued at $46,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC increased its stake in Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 51 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock traded down $0.47 during trading hours on Friday, reaching $405.25. The company’s stock had a trading volume of 701,541 shares, compared to its average volume of 3,369,880. The company’s 50 day simple moving average is $398.55 and its 200 day simple moving average is $365.84. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The stock has a market cap of $402.53 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter last year, the company earned $3.81 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts expect 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 paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.22%. Home Depot’s payout ratio is 61.14%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. 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 research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. UBS Group boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot 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.