The Home Depot, Inc. (NYSE:HD) Position Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,482 shares of the home improvement retailer’s stock after selling 3,884 shares during the quarter. Home Depot makes up approximately 0.6% of Mutual of America Capital Management LLC’s holdings, making the stock its 18th largest position. Mutual of America Capital Management LLC’s holdings in Home Depot were worth $52,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the 2nd quarter worth approximately $33,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot in the second quarter worth approximately $47,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HD shares. Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. UBS Group boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One investment 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Up 0.6 %

HD stock opened at $408.18 on Friday. The company has a 50 day moving average of $399.51 and a two-hundred day moving average of $366.56. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. The company has a market cap of $405.44 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.84 and a beta of 1.01.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

About Home Depot

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.