The Home Depot, Inc. $HD Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its stake in The Home Depot, Inc. (NYSE:HD) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,598 shares of the home improvement retailer’s stock after selling 10,993 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Home Depot were worth $103,161,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Summitry LLC raised its stake in Home Depot by 33.0% during the 3rd quarter. Summitry LLC now owns 1,802 shares of the home improvement retailer’s stock worth $730,000 after acquiring an additional 447 shares in the last quarter. Zions Bancorporation National Association UT grew its holdings in shares of Home Depot by 9.2% during the third quarter. Zions Bancorporation National Association UT now owns 8,952 shares of the home improvement retailer’s stock worth $3,627,000 after purchasing an additional 752 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Home Depot by 0.3% during the third quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock worth $39,834,241,000 after purchasing an additional 331,217 shares in the last quarter. Providence Financial Advisors LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at about $711,000. Finally, Atticus Wealth Management LLC boosted its position in shares of Home Depot by 13.6% in the 3rd quarter. Atticus Wealth Management LLC now owns 5,108 shares of the home improvement retailer’s stock valued at $2,070,000 after purchasing an additional 611 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank Of Canada cut their price target on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. Evercore cut their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Argus lowered their price objective on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Finally, HSBC dropped their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $407.23.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,963 shares of company stock valued at $1,748,845 in the last three months. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Up 0.2%

Shares of Home Depot stock opened at $391.03 on Tuesday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a market cap of $389.27 billion, a P/E ratio of 26.65, a PEG ratio of 13.97 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The firm has a fifty day moving average of $366.99 and a two-hundred day moving average of $380.21.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.78 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.