Gratus Capital LLC Buys 827 Shares of The Home Depot, Inc. (NYSE:HD)

Gratus Capital LLC grew its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,816 shares of the home improvement retailer’s stock after purchasing an additional 827 shares during the quarter. Gratus Capital LLC’s holdings in Home Depot were worth $9,883,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services grew its position in shares of Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 43 shares during the period. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the 1st quarter worth about $27,000. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Home Depot in the 2nd quarter worth about $28,000. Mizuho Securities Co. Ltd. grew its position in shares of Home Depot by 119.5% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 49 shares during the period. Finally, Klaas Financial Asset Advisors LLC purchased a new stake in shares of Home Depot in the 3rd quarter worth about $41,000. 68.31% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, Director Paula Santilli bought 1,583 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the purchase, the director now owns 1,583 shares in the company, valued at $499,911.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Paula Santilli bought 1,583 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the purchase, the director now owns 1,583 shares in the company, valued at $499,911.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the sale, the executive vice president now owns 3,928 shares in the company, valued at approximately $1,222,747.12. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. TheStreet raised shares of Home Depot from a “c+” rating to a “b” rating in a research report on Tuesday, November 15th. Raymond James downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 16th. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, December 6th. They set a “market perform” rating and a $337.00 price objective on the stock. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Home Depot from $366.00 to $329.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $341.24.

Home Depot Price Performance

Shares of NYSE:HD opened at $315.48 on Tuesday. The firm’s 50 day moving average price is $320.75 and its 200-day moving average price is $302.70. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $374.67. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16. The stock has a market capitalization of $322.97 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The firm had revenue of $38.87 billion for the quarter, compared to analysts’ expectations of $37.96 billion. During the same quarter in the prior year, the business earned $3.92 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 16.64 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, November 30th. Home Depot’s dividend payout ratio (DPR) is presently 45.81%.

Home Depot Profile

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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.