MAI Capital Management Cuts Position in The Home Depot, Inc. (NYSE:HD)

MAI Capital Management lowered its position in The Home Depot, Inc. (NYSE:HD) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,920 shares of the home improvement retailer’s stock after selling 1,306 shares during the quarter. Home Depot makes up about 0.8% of MAI Capital Management’s holdings, making the stock its 26th biggest holding. MAI Capital Management’s holdings in Home Depot were worth $87,086,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at about $33,000. Denver PWM LLC purchased a new position in Home Depot in the 2nd quarter valued at $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the 2nd quarter worth $47,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Up 0.6 %

NYSE:HD opened at $408.18 on Monday. 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 stock has a market cap of $405.44 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The stock’s 50-day moving average is $399.51 and its two-hundred day moving average is $366.81. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating 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 business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given 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 currently 61.14%.

Wall Street Analyst Weigh In

HD has been the topic of several analyst reports. DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Guggenheim boosted their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. Finally, Mizuho lifted their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.