Hamlin Capital Management LLC Sells 1,456 Shares of The Home Depot, Inc. (NYSE:HD)

Hamlin Capital Management LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,300 shares of the home improvement retailer’s stock after selling 1,456 shares during the quarter. Home Depot comprises approximately 3.2% of Hamlin Capital Management LLC’s holdings, making the stock its 22nd largest position. Hamlin Capital Management LLC’s holdings in Home Depot were worth $80,850,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HD. KB Financial Partners LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $29,000. Activest Wealth Management acquired a new position in Home Depot during the 2nd quarter valued at $34,000. Atlas Capital Advisors LLC boosted its holdings in Home Depot by 38.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 37 shares during the period. Lake Point Wealth Management acquired a new stake in Home Depot in the 2nd quarter worth $69,000. Finally, Harvest Group Wealth Management LLC bought a new position in shares of Home Depot during the 2nd quarter worth about $71,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

In other news, CFO Richard V. Mcphail sold 14,544 shares of the company’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $392.83, for a total value of $5,713,319.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 18,878 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $395.19, for a total value of $7,460,396.82. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Several brokerages recently issued reports on HD. Credit Suisse Group boosted their price target on Home Depot from $357.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. Guggenheim boosted their price objective on Home Depot from $350.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, November 17th. Raymond James raised their target price on Home Depot from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, November 12th. Loop Capital boosted their price target on shares of Home Depot from $325.00 to $340.00 and gave the company a “hold” rating in a report on Wednesday, November 17th. Finally, Wells Fargo & Company increased their price target on shares of Home Depot from $365.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, November 8th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $406.17.

Shares of Home Depot stock traded up $3.74 during trading on Thursday, hitting $412.11. 2,676,339 shares of the company were exchanged, compared to its average volume of 3,788,675. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.13 and a quick ratio of 0.37. The firm has a market capitalization of $434.92 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00. The firm’s fifty day moving average price is $358.68 and its 200 day moving average price is $334.77. The Home Depot, Inc. has a 1-year low of $246.59 and a 1-year high of $416.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 16th. The home improvement retailer reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.51. Home Depot had a return on equity of 786.90% and a net margin of 10.79%. The company had revenue of $36.82 billion for the quarter, compared to analyst estimates of $34.87 billion. During the same period in the previous year, the company posted $3.18 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 16th. Shareholders of record on Thursday, December 2nd will be paid a $1.65 dividend. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $6.60 annualized dividend and a yield of 1.60%. Home Depot’s payout ratio is currently 44.12%.

Home Depot Profile

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 Home Depot (NYSE:HD)

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