The Home Depot, Inc. (NYSE:HD) is Raymond James Trust N.A.’s 5th Largest Position

Raymond James Trust N.A. lifted its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 2.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 139,755 shares of the home improvement retailer’s stock after purchasing an additional 3,353 shares during the quarter. Home Depot comprises approximately 1.4% of Raymond James Trust N.A.’s holdings, making the stock its 5th largest holding. Raymond James Trust N.A.’s holdings in Home Depot were worth $38,564,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HD. Heartwood Wealth Advisors LLC boosted its holdings in Home Depot by 4.1% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock worth $437,000 after acquiring an additional 63 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in Home Depot by 7.6% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 62,508 shares of the home improvement retailer’s stock worth $17,144,000 after acquiring an additional 4,419 shares during the period. Clarus Wealth Advisors boosted its holdings in Home Depot by 8.9% in the 2nd quarter. Clarus Wealth Advisors now owns 1,572 shares of the home improvement retailer’s stock worth $450,000 after acquiring an additional 128 shares during the period. Baystate Wealth Management LLC boosted its holdings in Home Depot by 0.9% in the 2nd quarter. Baystate Wealth Management LLC now owns 4,784 shares of the home improvement retailer’s stock worth $1,312,000 after acquiring an additional 41 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC boosted its holdings in Home Depot by 9.3% in the 2nd quarter. LeJeune Puetz Investment Counsel LLC now owns 10,600 shares of the home improvement retailer’s stock worth $2,907,000 after acquiring an additional 905 shares during the period. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $331.21 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $382.01. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33. The business’s fifty day moving average price is $318.31 and its two-hundred day moving average price is $300.75. The firm has a market capitalization of $339.07 billion, a PE ratio of 19.96, a P/E/G ratio of 1.76 and a beta of 0.95.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company had revenue of $38.87 billion during the quarter, compared to analysts’ expectations of $37.96 billion. During the same quarter in the prior year, the business posted $3.92 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 16.64 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $1.90 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $7.60 annualized dividend and a dividend yield of 2.29%. Home Depot’s payout ratio is 45.81%.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paula Santilli bought 1,583 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average cost of $315.80 per share, with a total value of $499,911.40. Following the purchase, the director now directly owns 1,583 shares of the company’s stock, valued at $499,911.40. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HD. Cowen upped their price target on Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a report on Tuesday, December 13th. Citigroup cut their target price on Home Depot from $348.00 to $340.00 in a research report on Monday, October 31st. Jefferies Financial Group upped their target price on Home Depot from $392.00 to $394.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Exane BNP Paribas lowered Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 target price on the stock. in a research report on Wednesday, October 19th. Finally, Wedbush cut their target price on Home Depot to $280.00 in a research report on Wednesday, November 16th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $341.24.

Home Depot Company Profile

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.