The Home Depot, Inc. (NYSE:HD) Shares Sold by Northstar Asset Management Inc.

Northstar Asset Management Inc. reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,417 shares of the home improvement retailer’s stock after selling 91 shares during the period. Home Depot accounts for about 3.4% of Northstar Asset Management Inc.’s holdings, making the stock its 11th biggest holding. Northstar Asset Management Inc.’s holdings in Home Depot were worth $13,946,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HD. WFA Asset Management Corp boosted its position in shares of Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in shares of Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after buying an additional 623 shares during the period. Diversified LLC grew its stake in shares of Home Depot by 9.6% in the first quarter. Diversified LLC now owns 3,608 shares of the home improvement retailer’s stock valued at $1,384,000 after buying an additional 316 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Home Depot by 2.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 38,031 shares of the home improvement retailer’s stock valued at $14,588,000 after buying an additional 1,007 shares during the period. Finally, Nicollet Investment Management Inc. acquired a new position in Home Depot during the 1st quarter worth about $3,236,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 1.2 %

NYSE:HD opened at $400.21 on Wednesday. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock’s 50 day simple moving average is $393.49 and its 200-day simple moving average is $362.92. The firm has a market cap of $397.53 billion, a P/E ratio of 26.93, a PEG ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.65 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.

Analyst Ratings Changes

Several equities analysts have weighed in on HD shares. Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Royal Bank of Canada cut their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Finally, Morgan Stanley boosted their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $415.26.

Home Depot Profile

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.