Traphagen Investment Advisors LLC Reduces Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Traphagen Investment Advisors LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,408 shares of the home improvement retailer’s stock after selling 109 shares during the period. Traphagen Investment Advisors LLC’s holdings in Home Depot were worth $3,407,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HD. Wulff Hansen & CO. lifted its stake in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in Home Depot during the 1st quarter valued at $513,016,000. Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after acquiring an additional 971,833 shares during the period. Swedbank AB bought a new stake in Home Depot during the 1st quarter valued at $301,364,000. Finally, Jennison Associates LLC raised its holdings in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after acquiring an additional 569,690 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $401.85 on Wednesday. The company has a 50-day simple moving average of $387.35 and a two-hundred day simple moving average of $359.15. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $421.56. The firm has a market cap of $398.48 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.24%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus lowered their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein began coverage on shares of Home Depot in a report on Tuesday. They issued a “market perform” rating and a $451.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $410.67.

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.