New Millennium Group LLC Purchases 2,023 Shares of The Home Depot, Inc. (NYSE:HD)

New Millennium Group LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 634.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342 shares of the home improvement retailer’s stock after buying an additional 2,023 shares during the quarter. New Millennium Group LLC’s holdings in Home Depot were worth $949,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp increased its stake in Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after acquiring an additional 135 shares during the period. China Universal Asset Management Co. Ltd. increased its position in shares of Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares during the period. Edgestream Partners L.P. raised its stake in Home Depot by 57.7% in the first quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer’s stock valued at $1,115,000 after purchasing an additional 1,063 shares in the last quarter. Wellington Wealth Strategies LLC. bought a new stake in shares of Home Depot during the 1st quarter worth approximately $1,250,000. Finally, EP Wealth Advisors LLC lifted its stake in Home Depot by 4.8% during the first quarter. EP Wealth Advisors LLC now owns 66,898 shares of the home improvement retailer’s stock worth $25,662,000 after purchasing an additional 3,034 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Home Depot Trading Down 0.9 %

Shares of HD stock opened at $406.88 on Wednesday. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. 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 company has a 50 day moving average of $401.13 and a 200-day moving average of $367.78. The firm has a market cap of $404.15 billion, a P/E ratio of 27.64, a PEG ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the company posted $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.21%. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HD shares. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Wednesday, October 2nd. Morgan Stanley upped their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Finally, Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target 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.