Procyon Private Wealth Partners LLC Buys 835 Shares of The Home Depot, Inc. (NYSE:HD)

Procyon Private Wealth Partners LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,527 shares of the home improvement retailer’s stock after purchasing an additional 835 shares during the period. Home Depot makes up about 1.5% of Procyon Private Wealth Partners LLC’s portfolio, making the stock its 14th biggest position. Procyon Private Wealth Partners LLC’s holdings in Home Depot were worth $5,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HD. Amundi bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $1,029,293,000. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Home Depot in the second quarter worth approximately $197,167,000. Liberty Wealth Management LLC raised its holdings in shares of Home Depot by 32,444.6% in the second quarter. Liberty Wealth Management LLC now owns 616,070 shares of the home improvement retailer’s stock worth $1,932,000 after buying an additional 614,177 shares during the period. American Century Companies Inc. raised its holdings in shares of Home Depot by 45.6% in the second quarter. American Century Companies Inc. now owns 1,835,172 shares of the home improvement retailer’s stock worth $585,218,000 after buying an additional 574,482 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Home Depot by 5.5% in the second quarter. Alliancebernstein L.P. now owns 9,931,114 shares of the home improvement retailer’s stock worth $3,166,933,000 after buying an additional 520,162 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Teresa Wynn Roseborough sold 18,878 shares of the firm’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $395.19, for a total value of $7,460,396.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 14,544 shares of the firm’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $392.83, for a total value of $5,713,319.52. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Shares of NYSE HD opened at $412.11 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 35.47. The stock has a market capitalization of $434.92 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00. The stock’s fifty day simple moving average is $358.68 and its two-hundred day simple moving average is $334.77. The Home Depot, Inc. has a 12-month low of $246.59 and a 12-month high of $416.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 16th. The home improvement retailer reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.51. The business had revenue of $36.82 billion for the quarter, compared to analysts’ expectations of $34.87 billion. Home Depot had a return on equity of 786.90% and a net margin of 10.79%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.18 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 16th. Stockholders of record on Thursday, December 2nd will be given a $1.65 dividend. The ex-dividend date is Wednesday, December 1st. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.60%. Home Depot’s payout ratio is 44.12%.

Several equities research analysts have recently weighed in on HD shares. Barclays increased their price target on Home Depot from $350.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 17th. Raymond James increased their price target on Home Depot from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, November 12th. Wedbush increased their price target on Home Depot from $340.00 to $410.00 and gave the stock a “neutral” rating in a report on Wednesday, November 17th. UBS Group increased their price target on Home Depot from $410.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, November 17th. Finally, Telsey Advisory Group raised their price objective on Home Depot from $390.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, November 12th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $406.17.

About Home Depot

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

See Also: Holder of Record

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

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