NFJ Investment Group LLC Sells 622 Shares of The Home Depot, Inc. (NYSE:HD)

NFJ Investment Group LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,128 shares of the home improvement retailer’s stock after selling 622 shares during the period. NFJ Investment Group LLC’s holdings in Home Depot were worth $25,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised its stake in Home Depot by 37.5% in the 3rd quarter. IHT Wealth Management LLC now owns 33,578 shares of the home improvement retailer’s stock valued at $13,639,000 after acquiring an additional 9,152 shares during the period. Ingalls & Snyder LLC raised its position in shares of Home Depot by 3.2% in the third quarter. Ingalls & Snyder LLC now owns 79,994 shares of the home improvement retailer’s stock valued at $32,414,000 after purchasing an additional 2,489 shares during the period. Investmark Advisory Group LLC lifted its stake in shares of Home Depot by 1.2% during the 3rd quarter. Investmark Advisory Group LLC now owns 13,094 shares of the home improvement retailer’s stock worth $5,306,000 after buying an additional 153 shares during the last quarter. Investment Management Corp of Ontario boosted its holdings in shares of Home Depot by 3.0% during the 3rd quarter. Investment Management Corp of Ontario now owns 33,003 shares of the home improvement retailer’s stock worth $13,373,000 after buying an additional 976 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in Home Depot during the third quarter worth approximately $76,000. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.5 %

HD stock traded down $2.14 during trading on Tuesday, reaching $424.82. 287,176 shares of the stock were exchanged, compared to its average volume of 3,369,940. The firm’s 50 day moving average is $407.48 and its 200 day moving average is $372.20. The Home Depot, Inc. has a twelve month low of $318.96 and a twelve month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market cap of $422.00 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.81 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current 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 paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore ISI upped their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Guggenheim increased their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Finally, TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One 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’s stock. Based on data from MarketBeat.com, the company has a consensus 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.