Truepoint Inc. Acquires 475 Shares of The Home Depot, Inc. (NYSE:HD)

Truepoint Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 33.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,905 shares of the home improvement retailer’s stock after purchasing an additional 475 shares during the period. Truepoint Inc.’s holdings in Home Depot were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC increased its holdings in shares of Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after acquiring an additional 100,139 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Home Depot by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock worth $1,980,883,000 after acquiring an additional 138,396 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after acquiring an additional 333,312 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Home Depot by 0.5% in the second quarter. Raymond James & Associates now owns 3,556,074 shares of the home improvement retailer’s stock worth $1,224,143,000 after acquiring an additional 19,282 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $420.00 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $417.21 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.85 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $308.31 and a 12 month high of $421.56. The business’s 50-day moving average is $403.23 and its 200 day moving average is $369.04.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed 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 is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.14%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Home Depot Company 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.