The Home Depot, Inc. (NYSE:HD) Shares Acquired by Procyon Private Wealth Partners LLC

Procyon Private Wealth Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,527 shares of the home improvement retailer’s stock after purchasing an additional 835 shares during the quarter. Home Depot comprises 1.5% of Procyon Private Wealth Partners LLC’s investment 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 SEC filing.

Other institutional investors also recently modified their holdings of the company. Providence Capital Advisors LLC boosted its holdings in shares of Home Depot by 2.2% during the 2nd quarter. Providence Capital Advisors LLC now owns 15,783 shares of the home improvement retailer’s stock worth $5,033,000 after purchasing an additional 343 shares during the last quarter. Unified Trust Company N.A. lifted its holdings in Home Depot by 6.9% in the second quarter. Unified Trust Company N.A. now owns 18,874 shares of the home improvement retailer’s stock valued at $6,019,000 after acquiring an additional 1,216 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in Home Depot by 3.3% in the second quarter. Clark Capital Management Group Inc. now owns 99,872 shares of the home improvement retailer’s stock valued at $31,848,000 after acquiring an additional 3,213 shares during the last quarter. LaFleur & Godfrey LLC lifted its holdings in Home Depot by 490.0% in the second quarter. LaFleur & Godfrey LLC now owns 13,812 shares of the home improvement retailer’s stock valued at $4,405,000 after acquiring an additional 11,471 shares during the last quarter. Finally, GW Henssler & Associates Ltd. lifted its holdings in Home Depot by 4.7% in the second quarter. GW Henssler & Associates Ltd. now owns 25,494 shares of the home improvement retailer’s stock valued at $8,130,000 after acquiring an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Home Depot stock opened at $412.11 on Thursday. The Home Depot, Inc. has a twelve month low of $246.59 and a twelve month high of $416.56. The stock’s fifty day simple moving average is $358.68 and its 200-day simple moving average is $334.77. 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 firm has a market capitalization of $434.92 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.18 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 16th. The home improvement retailer reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.51. Home Depot had a return on equity of 786.90% and a net margin of 10.79%. The business had revenue of $36.82 billion for the quarter, compared to analyst estimates of $34.87 billion. During the same quarter in the prior year, the company earned $3.18 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that The Home Depot, Inc. will post 15.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 16th. Investors of record on Thursday, December 2nd will be issued a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, December 1st. Home Depot’s dividend payout ratio (DPR) is presently 44.12%.

In related news, EVP Teresa Wynn Roseborough sold 18,878 shares of the 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 document filed with the SEC, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 14,544 shares of the company’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $392.83, for a total transaction of $5,713,319.52. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

HD has been the topic of a number of recent analyst reports. Evercore ISI upped their price objective on Home Depot from $385.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, November 17th. Raymond James upped their price objective on Home Depot from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, November 12th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $376.00 price objective on the stock in a report on Tuesday, October 19th. Guggenheim upped their price objective on Home Depot from $350.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, November 17th. Finally, Morgan Stanley upped their price target on Home Depot from $370.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 17th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Buy” and a consensus price target of $406.17.

Home Depot Company Profile

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.

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

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