Mirabaud & Cie SA Sells 460 Shares of The Home Depot, Inc. (NYSE:HD)

Mirabaud & Cie SA lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,857 shares of the home improvement retailer’s stock after selling 460 shares during the period. Mirabaud & Cie SA’s holdings in Home Depot were worth $1,111,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HD. Fred Alger Management LLC lifted its stake in Home Depot by 5.5% in the second quarter. Fred Alger Management LLC now owns 39,994 shares of the home improvement retailer’s stock valued at $13,768,000 after buying an additional 2,079 shares during the period. AQR Capital Management LLC lifted its stake in Home Depot by 92.4% in the second quarter. AQR Capital Management LLC now owns 304,156 shares of the home improvement retailer’s stock valued at $103,872,000 after buying an additional 146,106 shares during the period. Ameriprise Financial Inc. lifted its stake in Home Depot by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after buying an additional 138,396 shares during the period. Dundas Partners LLP lifted its stake in Home Depot by 1.7% in the second quarter. Dundas Partners LLP now owns 101,274 shares of the home improvement retailer’s stock valued at $34,863,000 after buying an additional 1,663 shares during the period. Finally, Drucker Wealth 3.0 LLC acquired a new position in Home Depot in the second quarter valued at about $225,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.1 %

NYSE:HD opened at $414.46 on Friday. The firm has a market capitalization of $411.71 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 4.41 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock’s 50 day moving average price is $406.83 and its two-hundred day moving average price is $389.47. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The firm also recently announced 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 dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

Insider Buying and Selling

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HD shares. Stifel Nicolaus increased their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

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.