Decatur Capital Management Inc. Trims Position in Home Depot Inc (NYSE:HD)

Decatur Capital Management Inc. trimmed its stake in shares of Home Depot Inc (NYSE:HD) by 28.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,295 shares of the home improvement retailer’s stock after selling 19,150 shares during the quarter. Home Depot makes up 2.8% of Decatur Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. Decatur Capital Management Inc.’s holdings in Home Depot were worth $11,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Community Trust & Investment Co. boosted its holdings in Home Depot by 1.6% in the 3rd quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock worth $635,000 after buying an additional 43 shares during the last quarter. First American Trust FSB boosted its holdings in shares of Home Depot by 2.1% during the 3rd quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after purchasing an additional 45 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Home Depot by 1.6% during the 2nd quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 49 shares during the last quarter. First Command Financial Services Inc. boosted its holdings in shares of Home Depot by 0.9% during the 2nd quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock worth $1,167,000 after purchasing an additional 50 shares during the last quarter. Finally, Canton Hathaway LLC boosted its holdings in shares of Home Depot by 4.3% during the 2nd quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 69.92% of the company’s stock.

HD has been the topic of several recent research reports. Guggenheim cut Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. Telsey Advisory Group boosted their target price on Home Depot from $210.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Loop Capital boosted their target price on Home Depot to $200.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Oppenheimer boosted their target price on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, KeyCorp restated a “hold” rating on shares of Home Depot in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Home Depot presently has an average rating of “Buy” and an average target price of $226.65.

NYSE HD traded up $3.76 on Friday, reaching $235.37. The stock had a trading volume of 1,732,227 shares, compared to its average volume of 3,719,388. The firm has a market capitalization of $248.24 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.22 and a beta of 1.05. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $235.49. The stock has a fifty day moving average price of $227.40 and a two-hundred day moving average price of $209.35.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.05 earnings per share. On average, sell-side analysts expect that Home Depot Inc will post 10.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is 55.01%.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the completion of the transaction, the executive vice president now owns 84,123 shares in the company, valued at $18,511,266.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the transaction, the executive vice president now owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,508 shares of company stock valued at $39,076,428. Insiders own 0.27% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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