Prudent Man Advisors LLC Makes New $727,000 Investment in The Home Depot, Inc. (NYSE:HD)

Prudent Man Advisors LLC bought a new position in The Home Depot, Inc. (NYSE:HD) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,794 shares of the home improvement retailer’s stock, valued at approximately $727,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp increased its stake in shares of Home Depot by 10.7% during the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after buying an additional 135 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in Home Depot by 5.8% in the first 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. Edgestream Partners L.P. grew its holdings in Home Depot by 57.7% during the first quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer’s stock worth $1,115,000 after acquiring an additional 1,063 shares during the period. Rockport Wealth LLC purchased a new stake in Home Depot during the first quarter worth about $372,000. Finally, PYA Waltman Capital LLC increased its stake in Home Depot by 5.3% in the 1st quarter. PYA Waltman Capital LLC now owns 9,136 shares of the home improvement retailer’s stock valued at $3,504,000 after purchasing an additional 462 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 0.6 %

NYSE:HD opened at $408.18 on Monday. The firm has a market capitalization of $405.44 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56. The stock’s 50 day moving average price is $399.51 and its two-hundred day moving average price is $366.81.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $3.81 earnings per share. 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 declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. Guggenheim upped their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their target price for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen raised their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, DA Davidson raised their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $426.00.

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.