The Home Depot, Inc. (NYSE:HD) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its position in The Home Depot, Inc. (NYSE:HD) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,789 shares of the home improvement retailer’s stock after selling 78 shares during the quarter. Central Bank & Trust Co.’s holdings in Home Depot were worth $2,641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Public Sector Pension Investment Board boosted its holdings in Home Depot by 71.6% in the second quarter. Public Sector Pension Investment Board now owns 38,039 shares of the home improvement retailer’s stock valued at $13,095,000 after purchasing an additional 15,873 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Home Depot by 2.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 16,201 shares of the home improvement retailer’s stock valued at $5,577,000 after buying an additional 414 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Home Depot during the second quarter worth about $1,325,000. Providence Capital Advisors LLC increased its stake in shares of Home Depot by 0.6% during the second quarter. Providence Capital Advisors LLC now owns 21,396 shares of the home improvement retailer’s stock worth $7,366,000 after buying an additional 122 shares during the period. Finally, Samlyn Capital LLC acquired a new stake in Home Depot in the second quarter valued at approximately $72,541,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HD shares. Mizuho increased their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Evercore ISI upped their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Up 2.3 %

Shares of Home Depot stock opened at $418.65 on Wednesday. The company has a market cap of $415.87 billion, a P/E ratio of 28.44, a PEG ratio of 4.31 and a beta of 1.05. The firm has a fifty day moving average of $406.53 and a two-hundred day moving average of $388.73. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the company posted $3.81 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

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.