The Home Depot, Inc. (NYSE:HD) Stock Holdings Raised by Knuff & Co LLC

Knuff & Co LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,676 shares of the home improvement retailer’s stock after purchasing an additional 100 shares during the period. Home Depot comprises about 1.1% of Knuff & Co LLC’s investment portfolio, making the stock its 24th biggest holding. Knuff & Co LLC’s holdings in Home Depot were worth $3,516,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Caprock Group LLC raised its stake in Home Depot by 0.9% during the third quarter. Caprock Group LLC now owns 38,109 shares of the home improvement retailer’s stock valued at $15,442,000 after buying an additional 330 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Home Depot by 2.7% in the 3rd quarter. Pathstone Holdings LLC now owns 190,726 shares of the home improvement retailer’s stock valued at $77,276,000 after acquiring an additional 4,938 shares during the last quarter. Lindenwold Advisors INC raised its position in shares of Home Depot by 1.0% during the 3rd quarter. Lindenwold Advisors INC now owns 5,895 shares of the home improvement retailer’s stock valued at $2,389,000 after acquiring an additional 58 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in Home Depot by 0.4% during the third quarter. Aviance Capital Partners LLC now owns 12,717 shares of the home improvement retailer’s stock worth $5,154,000 after purchasing an additional 46 shares during the last quarter. Finally, Baron Wealth Management LLC bought a new position in Home Depot during the third quarter worth $316,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $410.44 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business’s 50-day moving average price is $400.41 and its 200 day moving average price is $367.33. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56. The firm has a market cap of $407.69 billion, a P/E ratio of 27.88, a PEG ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping 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 company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the company posted $3.81 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HD shares. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Bank of America increased their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One equities research 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. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Company 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.