Kentucky Retirement Systems Insurance Trust Fund Has $11.90 Million Position in The Home Depot, Inc. (NYSE:HD)

Kentucky Retirement Systems Insurance Trust Fund cut its position in The Home Depot, Inc. (NYSE:HD) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,359 shares of the home improvement retailer’s stock after selling 2,606 shares during the period. Home Depot comprises about 0.8% of Kentucky Retirement Systems Insurance Trust Fund’s portfolio, making the stock its 18th largest position. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Home Depot were worth $11,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC bought a new position in Home Depot during the 2nd quarter worth about $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the second quarter worth about $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Oppenheimer boosted their price target on shares of 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, Evercore ISI raised their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Price Performance

Shares of NYSE HD opened at $408.25 on Friday. The firm has a market cap of $405.51 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The business’s 50 day moving average is $399.51 and its 200-day moving average is $366.34. 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 Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $3.81 earnings per share. Equities research analysts predict that The Home Depot, Inc. will post 15.06 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

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.