Signature Estate & Investment Advisors LLC Has $1.22 Million Stake in The Home Depot, Inc. (NYSE:HD)

Signature Estate & Investment Advisors LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,016 shares of the home improvement retailer’s stock after selling 107 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Home Depot were worth $1,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the third quarter valued at approximately $46,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HD. Barclays raised their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. UBS Group lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Melius Research began coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Royal Bank of Canada lifted their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Finally, DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.6 %

HD opened at $408.25 on Friday. The firm’s fifty day simple moving average is $399.51 and its 200 day simple moving average is $366.34. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The stock has a market capitalization of $405.51 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the firm posted $3.81 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.06 EPS 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. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.