Independence Trust CO decreased its position in Home Depot, Inc. (The) (NYSE:HD) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 37,679 shares of the home improvement retailer’s stock after selling 2,532 shares during the period. Home Depot, Inc. (The) makes up about 7.9% of Independence Trust CO’s portfolio, making the stock its largest position. Independence Trust CO’s holdings in Home Depot, Inc. (The) were worth $4,849,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HD. Brookfield Asset Management Inc. raised its position in shares of Home Depot, Inc. (The) by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock valued at $104,000 after buying an additional 113 shares during the period. Valley National Advisers Inc. raised its position in shares of Home Depot, Inc. (The) by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 128 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Home Depot, Inc. (The) by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 239 shares during the period. Invictus RG raised its position in shares of Home Depot, Inc. (The) by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock valued at $121,000 after buying an additional 645 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in shares of Home Depot, Inc. (The) by 247.0% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 968 shares of the home improvement retailer’s stock valued at $124,000 after buying an additional 689 shares during the period. 70.23% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

Shares of Home Depot, Inc. (NYSE:HD) traded down 0.01% during mid-day trading on Friday, hitting $135.05. The company had a trading volume of 1,204,211 shares. The stock has a market cap of $164.51 billion, a price-to-earnings ratio of 21.92 and a beta of 1.09. Home Depot, Inc. has a 52-week low of $109.62 and a 52-week high of $139.00. The stock’s 50-day moving average is $133.73 and its 200-day moving average is $131.19.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.02. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.05 billion. Home Depot, Inc. (The) had a return on equity of 123.29% and a net margin of 8.23%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Equities analysts forecast that Home Depot, Inc. will post $6.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Tuesday, November 29th. Home Depot, Inc. (The)’s dividend payout ratio is presently 44.66%.

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Several brokerages have recently commented on HD. Wedbush reaffirmed a “neutral” rating and issued a $145.00 price target on shares of Home Depot, Inc. (The) in a research note on Wednesday, November 30th. Vetr lowered Home Depot, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $119.51 price target on the stock. in a research note on Thursday, December 22nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Home Depot, Inc. (The) in a research note on Thursday, December 22nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, December 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $148.00 price target on shares of Home Depot, Inc. (The) in a research note on Wednesday, December 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $144.38.

In other Home Depot, Inc. (The) news, Director Jeffery H. Boyd bought 10,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were acquired at an average cost of $128.27 per share, with a total value of $1,282,700.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $1,282,700. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark C. Vadon bought 15,000 shares of the company’s stock in a transaction dated Tuesday, November 29th. The shares were acquired at an average cost of $129.87 per share, for a total transaction of $1,948,050.00. Following the completion of the transaction, the director now owns 31,095 shares of the company’s stock, valued at approximately $4,038,307.65. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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