Smith Salley & Associates Acquires 240 Shares of The Home Depot, Inc. (NYSE:HD)

Smith Salley & Associates raised its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,259 shares of the home improvement retailer’s stock after acquiring an additional 240 shares during the period. Smith Salley & Associates’ holdings in Home Depot were worth $5,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Mitchell & Pahl Private Wealth LLC grew its position in Home Depot by 4.5% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,614 shares of the home improvement retailer’s stock valued at $2,101,000 after acquiring an additional 325 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of Home Depot by 4.0% during the third quarter. Prestige Wealth Management Group LLC now owns 5,803 shares of the home improvement retailer’s stock valued at $1,601,000 after purchasing an additional 222 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Home Depot by 8.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 735,961 shares of the home improvement retailer’s stock valued at $203,081,000 after purchasing an additional 59,198 shares during the period. Hemington Wealth Management boosted its stake in shares of Home Depot by 7.8% during the third quarter. Hemington Wealth Management now owns 2,755 shares of the home improvement retailer’s stock valued at $760,000 after purchasing an additional 200 shares during the period. Finally, Keystone Wealth Services LLC boosted its stake in shares of Home Depot by 5.0% during the third quarter. Keystone Wealth Services LLC now owns 1,837 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 87 shares during the period. 68.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Home Depot 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 value of $622,580.00. Following the transaction, the executive vice president now directly owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Paula Santilli bought 1,583 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were acquired at an average cost of $315.80 per share, with a total value of $499,911.40. Following the completion of the transaction, the director now owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at $1,222,747.12. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $331.21 on Tuesday. 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 has a fifty day moving average price of $319.13 and a 200-day moving average price of $301.30. The company has a market capitalization of $339.07 billion, a PE ratio of 19.96, a PEG ratio of 1.77 and a beta of 0.95.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 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 the consensus estimate of $37.96 billion. During the same period last year, the company earned $3.92 EPS. Home Depot’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Cowen increased their price objective on Home Depot from $350.00 to $379.00 and gave the company an “outperform” rating in a research note on Tuesday, December 13th. Jefferies Financial Group increased their price objective on Home Depot from $392.00 to $394.00 and gave the company a “buy” rating in a research note on Monday, October 3rd. Wedbush dropped their price objective on Home Depot to $280.00 in a research note on Wednesday, November 16th. BNP Paribas lowered Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price objective for the company. in a research note on Wednesday, October 19th. Finally, Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 price target for the company. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $341.24.

Home Depot Profile

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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 d├ęcor 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.

Further Reading

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

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