First Long Island Investors LLC Has $20.72 Million Stake in The Home Depot, Inc. (NYSE:HD)

First Long Island Investors LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,143 shares of the home improvement retailer’s stock after selling 306 shares during the quarter. Home Depot accounts for approximately 1.6% of First Long Island Investors LLC’s investment portfolio, making the stock its 25th largest position. First Long Island Investors LLC’s holdings in Home Depot were worth $20,723,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Insight 2811 Inc. acquired a new position in Home Depot during the third quarter worth about $208,000. Empirical Finance LLC increased its stake in shares of Home Depot by 1.9% in the third quarter. Empirical Finance LLC now owns 35,045 shares of the home improvement retailer’s stock valued at $14,200,000 after buying an additional 662 shares during the period. CIBC Asset Management Inc increased its stake in shares of Home Depot by 5.8% in the third quarter. CIBC Asset Management Inc now owns 193,416 shares of the home improvement retailer’s stock valued at $78,372,000 after buying an additional 10,566 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Home Depot by 3.1% in the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 49,196 shares of the home improvement retailer’s stock valued at $19,934,000 after buying an additional 1,500 shares during the period. Finally, Impax Asset Management Group plc increased its stake in shares of Home Depot by 81.8% in the third quarter. Impax Asset Management Group plc now owns 9,558 shares of the home improvement retailer’s stock valued at $3,873,000 after buying an additional 4,300 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Guggenheim upped their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Down 0.1 %

Shares of HD traded down $0.47 during trading hours on Friday, reaching $405.25. The stock had a trading volume of 701,541 shares, compared to its average volume of 3,369,880. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The firm has a 50-day simple moving average of $398.55 and a 200 day simple moving average of $365.84. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $402.53 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during 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%. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.81 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.06 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. Home Depot’s payout ratio is currently 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.