DE Burlo Group Inc. Reduces Position in The Home Depot, Inc. (NYSE:HD)

DE Burlo Group Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,139 shares of the home improvement retailer’s stock after selling 300 shares during the period. DE Burlo Group Inc.’s holdings in Home Depot were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Investment Consultants LLC lifted its position in Home Depot by 1.5% during the third quarter. Integrated Investment Consultants LLC now owns 2,124 shares of the home improvement retailer’s stock valued at $861,000 after purchasing an additional 31 shares during the period. Running Point Capital Advisors LLC lifted its position in Home Depot by 7.2% during the third quarter. Running Point Capital Advisors LLC now owns 1,355 shares of the home improvement retailer’s stock valued at $549,000 after purchasing an additional 91 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in Home Depot by 14.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,663 shares of the home improvement retailer’s stock valued at $1,079,000 after purchasing an additional 329 shares during the period. Tradewinds LLC. lifted its position in Home Depot by 9.6% during the third quarter. Tradewinds LLC. now owns 2,025 shares of the home improvement retailer’s stock valued at $821,000 after purchasing an additional 178 shares during the period. Finally, King Luther Capital Management Corp raised its position in shares of Home Depot by 0.3% in the third quarter. King Luther Capital Management Corp now owns 1,237,475 shares of the home improvement retailer’s stock worth $501,425,000 after acquiring an additional 4,110 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Piper Sandler upped their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of HD stock opened at $399.98 on Thursday. The firm’s 50 day moving average price is $401.72 and its 200-day moving average price is $368.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 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 firm has a market cap of $397.30 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 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 firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the prior year, the business posted $3.81 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.12 EPS 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 issued 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 2.25%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.