Rathbone Brothers plc decreased its stake in Home Depot, Inc. (The) (NYSE:HD) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,694 shares of the home improvement retailer’s stock after selling 3,923 shares during the quarter. Rathbone Brothers plc’s holdings in Home Depot were worth $20,559,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Home Depot by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after purchasing an additional 703,292 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Home Depot by 0.9% during the 2nd quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after purchasing an additional 170,139 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Home Depot by 1.3% during the 2nd quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after purchasing an additional 222,958 shares in the last quarter. Alliancebernstein L.P. grew its stake in Home Depot by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after buying an additional 84,750 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Home Depot by 14.4% in the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after buying an additional 761,586 shares during the last quarter. Institutional investors own 70.13% of the company’s stock.

Shares of Home Depot, Inc. (HD) opened at $188.13 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market cap of $219,688.63, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. Home Depot, Inc. has a 12-month low of $133.05 and a 12-month high of $188.84.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period in the previous year, the business earned $1.60 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. sell-side analysts predict that Home Depot, Inc. will post 7.35 earnings per share for the current fiscal year.

Home Depot announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.89%. Home Depot’s dividend payout ratio (DPR) is currently 49.44%.

In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares in the company, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on HD shares. Bank of America reiterated a “buy” rating and issued a $170.00 target price on shares of Home Depot in a research note on Tuesday, September 5th. Vetr upgraded shares of Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 target price on the stock in a research note on Monday, August 28th. Credit Suisse Group reiterated a “hold” rating on shares of Home Depot in a research note on Tuesday, December 12th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, SunTrust Banks raised their target price on shares of Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Home Depot presently has an average rating of “Buy” and a consensus price target of $183.28.

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Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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