Uncommon Cents Investing LLC cut its holdings in Home Depot Inc (NYSE:HD) by 32.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,221 shares of the home improvement retailer’s stock after selling 600 shares during the period. Uncommon Cents Investing LLC’s holdings in Home Depot were worth $253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Trail Advisors LLC boosted its stake in Home Depot by 17,627.8% during the 1st quarter. Summit Trail Advisors LLC now owns 2,233,171 shares of the home improvement retailer’s stock valued at $2,233,000 after purchasing an additional 2,220,574 shares during the period. Senator Investment Group LP acquired a new position in Home Depot during the 2nd quarter valued at about $234,120,000. Morgan Stanley boosted its stake in Home Depot by 11.4% during the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after purchasing an additional 991,466 shares during the period. Natixis boosted its stake in Home Depot by 153.0% during the 1st quarter. Natixis now owns 1,064,144 shares of the home improvement retailer’s stock valued at $189,673,000 after purchasing an additional 643,600 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its stake in Home Depot by 19,557.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 590,509 shares of the home improvement retailer’s stock valued at $3,042,000 after purchasing an additional 587,505 shares during the period. 69.85% of the stock is owned by institutional investors and hedge funds.

In related news, Director Wayne M. Hewett acquired 250 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were purchased at an average cost of $169.62 per share, with a total value of $42,405.00. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $508,860. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark C. Vadon acquired 11,500 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average cost of $174.27 per share, for a total transaction of $2,004,105.00. Following the completion of the transaction, the director now directly owns 31,095 shares of the company’s stock, valued at approximately $5,418,925.65. The disclosure for this purchase can be found here. Insiders have bought 13,750 shares of company stock worth $2,401,470 in the last 90 days. 0.25% of the stock is owned by company insiders.

A number of research firms have commented on HD. Morgan Stanley dropped their price target on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Wells Fargo & Co dropped their target price on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Citigroup reiterated a “buy” rating and issued a $227.00 target price on shares of Home Depot in a report on Wednesday, August 15th. Bank of America downgraded shares of Home Depot from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $219.00 to $195.00 in a report on Friday, November 16th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $205.43.

HD stock opened at $175.30 on Thursday. Home Depot Inc has a 52-week low of $167.00 and a 52-week high of $215.43. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. The company has a market cap of $198.01 billion, a PE ratio of 23.50, a PEG ratio of 1.37 and a beta of 1.26.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Home Depot Inc will post 9.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be issued a dividend of $1.03 per share. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.35%. Home Depot’s dividend payout ratio is currently 55.23%.

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Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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