Rowland & Co. Investment Counsel ADV lowered its position in shares of The Home Depot Inc. (NYSE:HD) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,804 shares of the home improvement retailer’s stock after selling 1,203 shares during the period. The Home Depot makes up about 3.3% of Rowland & Co. Investment Counsel ADV’s holdings, making the stock its 5th largest position. Rowland & Co. Investment Counsel ADV’s holdings in The Home Depot were worth $7,052,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in The Home Depot by 0.4% in the second quarter. Capital World Investors now owns 86,279,401 shares of the home improvement retailer’s stock worth $11,017,017,000 after buying an additional 332,206 shares during the period. FMR LLC boosted its position in shares of The Home Depot by 2.3% in the second quarter. FMR LLC now owns 41,090,288 shares of the home improvement retailer’s stock worth $5,246,819,000 after buying an additional 931,070 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of The Home Depot by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock worth $32,480,000 after buying an additional 35,306,300 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of The Home Depot by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 8,571,292 shares of the home improvement retailer’s stock worth $1,094,130,000 after buying an additional 242,842 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of The Home Depot by 0.4% in the third quarter. Fisher Asset Management LLC now owns 8,480,515 shares of the home improvement retailer’s stock worth $1,091,273,000 after buying an additional 37,104 shares during the last quarter. Hedge funds and other institutional investors own 69.36% of the company’s stock.

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

The Home Depot Inc. (NYSE:HD) traded down 0.38% during mid-day trading on Tuesday, reaching $129.45. The company’s stock had a trading volume of 2,970,457 shares. The company has a 50-day moving average price of $125.86 and a 200-day moving average price of $130.38. The firm has a market cap of $157.69 billion, a PE ratio of 21.01 and a beta of 1.05. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00.

The Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.05 billion. The Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. On average, equities research analysts expect that The Home Depot Inc. will post $6.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.69 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.11%. The Home Depot’s dividend payout ratio is currently 44.66%.

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A number of equities analysts have issued reports on HD shares. Vetr raised The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 target price for the company in a report on Thursday, September 8th. Argus upped their target price on The Home Depot from $150.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Citigroup Inc. upped their target price on The Home Depot from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Deutsche Bank AG upped their target price on The Home Depot from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Stifel Nicolaus started coverage on The Home Depot in a report on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $145.24.

In related news, Director Jeffery H. Boyd purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were purchased at an average cost of $128.27 per share, with a total value of $1,282,700.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $1,282,700. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Edward P. Decker sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total value of $2,616,000.00. Following the completion of the sale, the executive vice president now directly owns 63,878 shares in the company, valued at $8,355,242.40. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

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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