Monarch Capital Management Inc. reduced its stake in shares of The Home Depot Inc. (NYSE:HD) by 5.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 53,956 shares of the home improvement retailer’s stock after selling 2,910 shares during the period. The Home Depot comprises 2.6% of Monarch Capital Management Inc.’s portfolio, making the stock its 12th largest position. Monarch Capital Management Inc.’s holdings in The Home Depot were worth $6,943,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brookfield Asset Management Inc. boosted its position in The Home Depot by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock valued at $104,000 after buying an additional 113 shares during the last quarter. Valley National Advisers Inc. boosted its position in The Home Depot by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 128 shares during the last quarter. First PREMIER Bank boosted its position in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in The Home Depot by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 239 shares during the last quarter. Finally, Invictus RG boosted its position in The Home Depot by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock valued at $121,000 after buying an additional 645 shares during the last quarter. Hedge funds and other institutional investors own 71.31% of the company’s stock.

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

Shares of The Home Depot Inc. (NYSE:HD) traded up 0.27% during trading on Friday, hitting $131.57. 2,545,977 shares of the stock traded hands. The company has a market cap of $161.04 billion, a PE ratio of 21.36 and a beta of 1.05. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The firm has a 50 day moving average price of $125.80 and a 200-day moving average price of $130.49.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The company earned $23.20 billion during the quarter, compared to analyst estimates of $23.05 billion. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Analysts anticipate that The Home Depot Inc. will post $6.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Tuesday, November 29th. The Home Depot’s dividend payout ratio (DPR) is currently 44.66%.

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Several brokerages have recently commented on HD. Stifel Nicolaus began coverage on The Home Depot in a research note on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price target on the stock. Wedbush reissued a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of The Home Depot in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reissued a “buy” rating and set a $142.00 price target on shares of The Home Depot in a research note on Tuesday, August 16th. Nomura reissued an “in-line” rating and set a $155.00 price target on shares of The Home Depot in a research note on Wednesday, August 17th. Finally, Argus boosted their price target on The Home Depot from $150.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The Home Depot presently has a consensus rating of “Buy” and a consensus target price of $145.24.

In related news, Director Jeffery H. Boyd bought 10,000 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was bought at an average price of $128.27 per share, with a total value of $1,282,700.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $1,282,700. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Holifield sold 15,606 shares of The Home Depot stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $128.39, for a total transaction of $2,003,654.34. Following the sale, the executive vice president now directly owns 39,499 shares of the company’s stock, valued at approximately $5,071,276.61. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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