Sterling Capital Management LLC cut its stake in The Home Depot (HD) by 58.7% in the third quarter, selling 74,586 shares and holding 52,543 shares worth $14,948,000 at quarter-end. Hedge funds and other institutional investors own 70.86% of the company's stock. HD shares fell $8.00 on Friday to $319.73, on volume of 3,655,361 shares versus an average of 5,401,968. The stock has a market capitalization of $318.99 billion, a P/E of 22.37, and a $2.33 quarterly dividend yielding 2.9%. MarketBeat's consensus rating is 'Moderate Buy' with an average target price of $375.93.
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