Intellectus Partners LLC Trims Stake in The Home Depot, Inc. (NYSE:HD)

Intellectus Partners LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 15.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,732 shares of the home improvement retailer’s stock after selling 495 shares during the quarter. Intellectus Partners LLC’s holdings in Home Depot were worth $1,107,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Impax Asset Management Group plc boosted 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 worth $3,873,000 after acquiring an additional 4,300 shares during the period. Oak Harbor Wealth Partners LLC lifted its holdings in Home Depot by 1.0% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 9,662 shares of the home improvement retailer’s stock worth $3,915,000 after purchasing an additional 100 shares in the last quarter. Neumann Capital Management LLC bought a new position in Home Depot in the 3rd quarter worth approximately $216,000. ING Groep NV grew its holdings in Home Depot by 40.0% during the 3rd quarter. ING Groep NV now owns 323,757 shares of the home improvement retailer’s stock valued at $131,186,000 after buying an additional 92,432 shares in the last quarter. Finally, Sargent Investment Group LLC raised its position in shares of Home Depot by 0.4% during the third quarter. Sargent Investment Group LLC now owns 7,061 shares of the home improvement retailer’s stock valued at $2,861,000 after buying an additional 28 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HD. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Oppenheimer lifted their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley upped their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One equities research 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Down 1.1 %

HD opened at $405.60 on Friday. The business’s 50-day simple moving average is $397.67 and its 200-day simple moving average is $365.56. The company has a market cap of $402.88 billion, a P/E ratio of 27.55, a PEG ratio of 2.83 and a beta of 1.01. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13.

Home Depot (NYSE:HD) last posted its 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the firm posted $3.81 EPS. The company’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.06 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. Home Depot’s payout ratio is 61.14%.

Home Depot Company 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.