Semus Wealth Partners LLC Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Semus Wealth Partners LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 857 shares of the home improvement retailer’s stock after selling 35 shares during the quarter. Semus Wealth Partners LLC’s holdings in Home Depot were worth $347,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Napa Wealth Management purchased a new position in Home Depot in the 3rd quarter worth approximately $211,000. Cassaday & Co Wealth Management LLC boosted its holdings in Home Depot by 4.3% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 6,510 shares of the home improvement retailer’s stock worth $2,638,000 after acquiring an additional 270 shares during the period. Drive Wealth Management LLC boosted its holdings in Home Depot by 1.0% in the 3rd quarter. Drive Wealth Management LLC now owns 3,857 shares of the home improvement retailer’s stock worth $1,563,000 after acquiring an additional 40 shares during the period. Capital City Trust Co. FL boosted its holdings in Home Depot by 1.1% in the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer’s stock worth $1,011,000 after acquiring an additional 26 shares during the period. Finally, Zevin Asset Management LLC boosted its holdings in Home Depot by 1.3% in the 3rd quarter. Zevin Asset Management LLC now owns 18,697 shares of the home improvement retailer’s stock worth $7,576,000 after acquiring an additional 244 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The stock was 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 approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HD shares. Wells Fargo & Company upped their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Barclays increased their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

Shares of NYSE HD opened at $406.76 on Monday. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The business’s fifty day moving average price is $399.51 and its two-hundred day moving average price is $366.81. The firm has a market capitalization of $404.03 billion, a PE ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company earned $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.12 EPS 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 paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. Home Depot’s payout ratio is 61.14%.

About Home Depot

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.