Lebenthal Global Advisors LLC Sells 368 Shares of The Home Depot, Inc. (NYSE:HD)

Lebenthal Global Advisors LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 12.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,581 shares of the home improvement retailer’s stock after selling 368 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Home Depot were worth $1,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Absher Wealth Management LLC grew its stake in shares of Home Depot by 25.1% in the third quarter. Absher Wealth Management LLC now owns 1,597 shares of the home improvement retailer’s stock worth $647,000 after purchasing an additional 320 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Home Depot by 10.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,476 shares of the home improvement retailer’s stock worth $598,000 after purchasing an additional 135 shares during the last quarter. Jacobson & Schmitt Advisors LLC acquired a new position in Home Depot in the third quarter valued at $206,000. Principal Securities Inc. lifted its holdings in Home Depot by 18.9% in the third quarter. Principal Securities Inc. now owns 17,630 shares of the home improvement retailer’s stock valued at $7,144,000 after buying an additional 2,805 shares during the period. Finally, Manitou Investment Management Ltd. lifted its holdings in Home Depot by 0.8% in the third quarter. Manitou Investment Management Ltd. now owns 81,363 shares of the home improvement retailer’s stock valued at $32,968,000 after buying an additional 663 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Stock Performance

Shares of HD stock opened at $392.53 on Friday. The company has a 50 day moving average price of $392.51 and a 200-day moving average price of $361.63. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The firm has a market capitalization of $389.90 billion, a PE ratio of 26.42, a P/E/G ratio of 2.72 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is currently 60.57%.

Home Depot 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.