The Home Depot, Inc. (NYSE:HD) Stock Holdings Reduced by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,497 shares of the home improvement retailer’s stock after selling 1,390 shares during the quarter. Home Depot comprises about 2.7% of Cutler Investment Counsel LLC’s holdings, making the stock its 8th biggest holding. Cutler Investment Counsel LLC’s holdings in Home Depot were worth $21,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth $33,000. Denver PWM LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HD shares. Guggenheim raised their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Stifel Nicolaus increased their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 0.6 %

Shares of HD traded up $2.46 during mid-day trading on Friday, reaching $408.18. The company’s stock had a trading volume of 3,239,545 shares, compared to its average volume of 3,381,447. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market cap of $405.44 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The business has a fifty day moving average of $399.51 and a 200 day moving average of $366.34.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.81 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.06 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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 dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

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.