Natixis Advisors LLC Buys 69,121 Shares of The Home Depot, Inc. (NYSE:HD)

Natixis Advisors LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 747,413 shares of the home improvement retailer’s stock after acquiring an additional 69,121 shares during the quarter. Home Depot accounts for approximately 0.6% of Natixis Advisors LLC’s portfolio, making the stock its 25th largest position. Natixis Advisors LLC’s holdings in Home Depot were worth $302,852,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HD. WFA Asset Management Corp increased its stake in shares of Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its position in Home Depot by 5.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after purchasing an additional 623 shares during the period. Acadian Asset Management LLC grew its position in Home Depot by 92.7% in the 1st quarter. Acadian Asset Management LLC now owns 66,257 shares of the home improvement retailer’s stock valued at $25,407,000 after purchasing an additional 31,877 shares during the period. Blue Barn Wealth LLC acquired a new stake in Home Depot in the 1st quarter valued at $223,000. Finally, Ontario Teachers Pension Plan Board grew its position in Home Depot by 42.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 6,816 shares of the home improvement retailer’s stock valued at $2,615,000 after purchasing an additional 2,025 shares during the period. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated 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 directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.6 %

Shares of Home Depot stock opened at $408.25 on Friday. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56. The stock’s 50-day simple moving average is $399.51 and its 200 day simple moving average is $366.34. The stock has a market capitalization of $405.51 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period 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, research analysts anticipate that The Home Depot, Inc. will post 15.06 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared 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. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Analyst Ratings Changes

HD has been the subject of several research reports. Guggenheim lifted their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Morgan Stanley lifted their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Melius Research started coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot 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.