Home Depot Inc (NYSE:HD) Stock Holdings Decreased by Stillwater Capital Advisors LLC

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Stillwater Capital Advisors LLC reduced its position in Home Depot Inc (NYSE:HD) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,589 shares of the home improvement retailer’s stock after selling 476 shares during the period. Home Depot comprises approximately 3.6% of Stillwater Capital Advisors LLC’s holdings, making the stock its 8th largest position. Stillwater Capital Advisors LLC’s holdings in Home Depot were worth $14,058,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HD. Krane Funds Advisors LLC acquired a new stake in shares of Home Depot during the second quarter worth approximately $25,000. Enterprise Trust & Investment Co acquired a new stake in Home Depot in the third quarter valued at approximately $27,000. Evolution Wealth Advisors LLC acquired a new stake in Home Depot in the second quarter valued at approximately $31,000. Thor Advisors LLC acquired a new stake in Home Depot in the first quarter valued at approximately $32,000. Finally, MRA Associates USA LLC acquired a new stake in Home Depot in the second quarter valued at approximately $34,000. 69.92% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the transaction, the chief financial officer now owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the transaction, the executive vice president now directly owns 87,343 shares in the company, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last three months, insiders sold 177,508 shares of company stock worth $39,076,428. Insiders own 0.27% of the company’s stock.

A number of analysts have issued reports on the stock. SunTrust Banks reiterated a “hold” rating and issued a $208.00 target price on shares of Home Depot in a research note on Wednesday, August 21st. DZ Bank cut shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. Wells Fargo & Co lifted their target price on shares of Home Depot from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Raymond James reiterated an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a research note on Tuesday. Finally, Guggenheim cut shares of Home Depot from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $226.65.

Shares of NYSE:HD traded up $4.03 during trading on Friday, reaching $235.64. The stock had a trading volume of 188,290 shares, compared to its average volume of 3,719,388. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $235.49. The firm has a market capitalization of $248.24 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 2.22 and a beta of 1.05. The stock has a fifty day simple moving average of $227.40 and a two-hundred day simple moving average of $209.35.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same quarter last year, the firm posted $3.05 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s dividend payout ratio is 55.01%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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