Home Depot Inc (NYSE:HD) Shares Sold by Independent Investors Inc.

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Independent Investors Inc. lowered its position in shares of Home Depot Inc (NYSE:HD) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,103 shares of the home improvement retailer’s stock after selling 170 shares during the quarter. Independent Investors Inc.’s holdings in Home Depot were worth $1,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HD. Enterprise Trust & Investment Co acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $27,000. Julex Capital Management LLC acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $29,000. Belmont Capital LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $28,000. Proffitt & Goodson Inc. raised its position in shares of Home Depot by 106.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 69 shares during the period. Finally, Financial Advantage Inc. acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 69.87% of the company’s stock.

Shares of HD stock opened at $224.59 on Thursday. Home Depot Inc has a 12-month low of $172.00 and a 12-month high of $239.31. The firm has a market capitalization of $243.05 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The business has a 50 day simple moving average of $218.89 and a 200 day simple moving average of $222.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.53. The firm had revenue of $27.22 billion during the quarter, compared to analyst estimates of $27.51 billion. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $2.51 EPS. On average, sell-side analysts forecast that Home Depot Inc will post 10.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, December 4th. Home Depot’s payout ratio is currently 55.01%.

A number of brokerages have recently weighed in on HD. Wedbush dropped their price target on Home Depot from $230.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating and set a $232.00 price target on the stock in a research report on Monday, December 23rd. Bank of America reiterated a “hold” rating and set a $235.00 price target on shares of Home Depot in a research report on Wednesday, November 20th. Oppenheimer increased their price target on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, SunTrust Banks increased their price target on Home Depot from $208.00 to $225.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $237.31.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the completion of the transaction, the executive vice president now directly owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total value of $23,968,980.32. Following the transaction, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at $58,641,068.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,552 shares of company stock valued at $26,765,281. 0.27% of the stock is currently owned by corporate insiders.

About Home Depot

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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