Worldquant Millennium Advisors LLC Has $48.91 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Worldquant Millennium Advisors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 14.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 120,696 shares of the home improvement retailer’s stock after selling 20,473 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Home Depot were worth $48,906,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Weiss Asset Management LP acquired a new position in Home Depot during the third quarter valued at approximately $30,714,000. Temasek Holdings Private Ltd increased its stake in shares of Home Depot by 24.2% in the 3rd quarter. Temasek Holdings Private Ltd now owns 114,449 shares of the home improvement retailer’s stock valued at $46,375,000 after purchasing an additional 22,320 shares during the last quarter. Stansberry Asset Management LLC raised its holdings in shares of Home Depot by 4.5% during the 3rd quarter. Stansberry Asset Management LLC now owns 21,239 shares of the home improvement retailer’s stock worth $8,606,000 after buying an additional 906 shares in the last quarter. Stevens Capital Management LP raised its holdings in shares of Home Depot by 139.0% during the 3rd quarter. Stevens Capital Management LP now owns 6,475 shares of the home improvement retailer’s stock worth $2,624,000 after buying an additional 3,766 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Home Depot during the 3rd quarter worth $138,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Evercore ISI raised their target price 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. Guggenheim upped their price target 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. Finally, Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One investment 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 stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.3 %

Shares of NYSE:HD opened at $426.64 on Friday. The business’s 50-day moving average is $409.96 and its 200-day moving average is $374.14. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market capitalization of $423.81 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 2.98 and a beta of 1.03. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its quarterly 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. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.81 earnings per share. Equities research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

About Home Depot

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.