Dumont & Blake Investment Advisors LLC Sells 1,113 Shares of The Home Depot, Inc. (NYSE:HD)

Dumont & Blake Investment Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 50.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,113 shares of the home improvement retailer’s stock after selling 1,113 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Home Depot were worth $451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HD. International Assets Investment Management LLC raised its holdings in shares of Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after buying an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. raised its stake in shares of 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 worth $509,081,000 after acquiring an additional 1,474,459 shares during the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in shares of Home Depot during the first quarter worth approximately $513,016,000. Price T Rowe Associates Inc. MD grew its stake in shares of Home Depot by 15.0% during the first 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 purchasing an additional 971,833 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Home Depot in the first quarter valued at approximately $301,364,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE HD opened at $398.91 on Friday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The business has a 50 day simple moving average of $389.81 and a 200 day simple moving average of $359.98. The stock has a market cap of $396.23 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.78 and a beta of 1.00.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HD shares. Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Royal Bank of Canada lowered their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Evercore ISI cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, DA Davidson raised their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $412.00.

Home Depot Company 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.