The Home Depot, Inc. (NYSE:HD) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 13.8% in the second quarter, HoldingsChannel reports. The firm owned 2,099 shares of the home improvement retailer’s stock after selling 335 shares during the quarter. Cable Hill Partners LLC’s holdings in The Home Depot were worth $669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Directions Investment Advisors LLC raised its position in The Home Depot by 4.3% during the second quarter. Capital Directions Investment Advisors LLC now owns 2,283 shares of the home improvement retailer’s stock valued at $728,000 after acquiring an additional 95 shares in the last quarter. GQG Partners LLC purchased a new position in The Home Depot during the second quarter valued at approximately $458,000. Clear Perspective Advisors LLC raised its position in The Home Depot by 29.0% during the second quarter. Clear Perspective Advisors LLC now owns 2,235 shares of the home improvement retailer’s stock valued at $713,000 after acquiring an additional 502 shares in the last quarter. Colonial River Wealth Management LLC raised its position in The Home Depot by 1.1% during the second quarter. Colonial River Wealth Management LLC now owns 4,322 shares of the home improvement retailer’s stock valued at $1,378,000 after acquiring an additional 49 shares in the last quarter. Finally, Ossiam raised its position in The Home Depot by 194.4% during the second quarter. Ossiam now owns 9,346 shares of the home improvement retailer’s stock valued at $3,067,000 after acquiring an additional 6,171 shares in the last quarter. 68.97% of the stock is owned by hedge funds and other institutional investors.

In other The Home Depot news, EVP Teresa Wynn Roseborough sold 5,000 shares of the company’s stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $328.65, for a total transaction of $1,643,250.00. Following the sale, the executive vice president now owns 19,760 shares in the company, valued at approximately $6,494,124. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Hector A. Padilla sold 1,154 shares of the company’s stock in a transaction dated Wednesday, August 18th. The stock was sold at an average price of $325.62, for a total value of $375,765.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,622 shares of company stock worth $24,302,611. Corporate insiders own 0.18% of the company’s stock.

Several brokerages recently weighed in on HD. Loop Capital cut The Home Depot from a “buy” rating to a “hold” rating and reduced their price target for the company from $370.00 to $325.00 in a research report on Friday, October 8th. Raymond James boosted their price objective on The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, August 16th. DA Davidson restated a “neutral” rating on shares of The Home Depot in a research report on Wednesday, August 18th. Wells Fargo & Company boosted their price objective on The Home Depot from $360.00 to $365.00 and gave the company an “overweight” rating in a research report on Thursday, September 30th. Finally, Zacks Investment Research cut The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price objective for the company. in a research report on Tuesday, July 20th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, The Home Depot currently has an average rating of “Buy” and an average price target of $342.50.

NYSE HD traded up $5.21 on Thursday, reaching $343.49. 100,735 shares of the company were exchanged, compared to its average volume of 3,873,124. The business’s fifty day moving average price is $331.12 and its 200 day moving average price is $323.39. The stock has a market capitalization of $362.51 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02. The company has a current ratio of 1.06, a quick ratio of 0.35 and a debt-to-equity ratio of 16.31. The Home Depot, Inc. has a fifty-two week low of $246.59 and a fifty-two week high of $345.69.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, August 16th. The home improvement retailer reported $4.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.10. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The business had revenue of $41.12 billion for the quarter, compared to analyst estimates of $40.74 billion. During the same quarter in the prior year, the company posted $4.02 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 14.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Thursday, September 2nd were paid a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, September 1st. The Home Depot’s dividend payout ratio (DPR) is presently 54.86%.

About The Home Depot

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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

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