Russell Investments Group Ltd. Sells 11,332 Shares of The Home Depot, Inc. (NYSE:HD)

Russell Investments Group Ltd. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,178 shares of the home improvement retailer’s stock after selling 11,332 shares during the quarter. Russell Investments Group Ltd.’s holdings in Home Depot were worth $137,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Measured Wealth Private Client Group LLC increased its stake in shares of Home Depot by 1.5% in the second quarter. Measured Wealth Private Client Group LLC now owns 2,294 shares of the home improvement retailer’s stock valued at $629,000 after buying an additional 33 shares during the period. Oliver Lagore Vanvalin Investment Group increased its stake in shares of Home Depot by 5.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after buying an additional 33 shares during the period. First National Corp MA ADV increased its stake in shares of Home Depot by 1.4% in the second quarter. First National Corp MA ADV now owns 2,505 shares of the home improvement retailer’s stock valued at $687,000 after buying an additional 35 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Home Depot by 1.2% in the second quarter. Personal CFO Solutions LLC now owns 2,872 shares of the home improvement retailer’s stock valued at $788,000 after buying an additional 35 shares during the period. Finally, Westshore Wealth LLC increased its stake in shares of Home Depot by 2.8% in the third quarter. Westshore Wealth LLC now owns 1,300 shares of the home improvement retailer’s stock valued at $359,000 after buying an additional 35 shares during the period. 68.31% of the stock is owned by institutional investors.

Home Depot Price Performance

Home Depot stock opened at $315.48 on Tuesday. The stock has a market capitalization of $322.97 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.68 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $374.67. The stock’s 50 day moving average price is $320.75 and its two-hundred day moving average price is $302.70. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39.

Home Depot (NYSE:HDGet Rating) last issued its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company had revenue of $38.87 billion for the quarter, compared to analysts’ expectations of $37.96 billion. During the same period last year, the business earned $3.92 EPS. Home Depot’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 16.64 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, November 30th. Home Depot’s dividend payout ratio is currently 45.81%.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Paula Santilli acquired 1,583 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were acquired at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the purchase, the director now owns 1,583 shares in the company, valued at $499,911.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the transaction, the executive vice president now owns 3,928 shares in the company, valued at $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

HD has been the subject of several recent research reports. BNP Paribas downgraded Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price objective for the company. in a research note on Wednesday, October 19th. Cowen upped their price objective on Home Depot from $350.00 to $379.00 and gave the company an “outperform” rating in a research note on Tuesday, December 13th. The Goldman Sachs Group lowered their price objective on Home Depot from $366.00 to $329.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Credit Suisse Group initiated coverage on shares of Home Depot in a research report on Tuesday, December 20th. They set a “neutral” rating and a $335.00 target price for the company. Finally, MKM Partners decreased their target price on shares of Home Depot from $330.00 to $312.00 in a research report on Wednesday, November 9th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $341.24.

Home Depot Profile

(Get Rating)

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Featured Articles

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.