Citizens Business Bank Sells 193 Shares of The Home Depot, Inc. (NYSE:HD)

Citizens Business Bank cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,356 shares of the home improvement retailer’s stock after selling 193 shares during the period. Citizens Business Bank’s holdings in Home Depot were worth $3,386,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Unigestion Holding SA raised its holdings in shares of Home Depot by 12.0% during the 3rd quarter. Unigestion Holding SA now owns 65,167 shares of the home improvement retailer’s stock worth $26,389,000 after acquiring an additional 6,995 shares in the last quarter. Second Line Capital LLC increased its position in Home Depot by 2.1% in the third quarter. Second Line Capital LLC now owns 4,632 shares of the home improvement retailer’s stock worth $1,877,000 after purchasing an additional 97 shares during the last quarter. Hohimer Wealth Management LLC raised its stake in Home Depot by 16.6% during the third quarter. Hohimer Wealth Management LLC now owns 900 shares of the home improvement retailer’s stock valued at $365,000 after purchasing an additional 128 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in shares of Home Depot by 16.2% in the 3rd quarter. Soltis Investment Advisors LLC now owns 3,911 shares of the home improvement retailer’s stock worth $1,585,000 after buying an additional 545 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Home Depot by 13.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 18,563 shares of the home improvement retailer’s stock worth $7,522,000 after buying an additional 2,150 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 1.5 %

Shares of HD opened at $422.57 on Wednesday. The stock’s 50-day moving average price is $411.09 and its 200-day moving average price is $376.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $419.76 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.98 and a beta of 1.03. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 business had revenue of $40.22 billion for 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%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.81 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.13%. Home Depot’s payout ratio is 61.14%.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Melius Research started coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Morgan Stanley boosted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $455.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $426.00.

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.