Norris Perne & French LLP MI Has $20.28 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Norris Perne & French LLP MI increased its stake in The Home Depot, Inc. (NYSE:HD) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,865 shares of the home improvement retailer’s stock after acquiring an additional 319 shares during the quarter. Home Depot comprises 1.5% of Norris Perne & French LLP MI’s holdings, making the stock its 24th largest holding. Norris Perne & French LLP MI’s holdings in Home Depot were worth $20,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bey Douglas LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $913,000. Hartline Investment Corp grew its holdings in Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after buying an additional 460 shares in the last quarter. Wolf Group Capital Advisors grew its holdings in Home Depot by 6.1% during the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new stake in Home Depot during the fourth quarter worth $253,000. Finally, Zullo Investment Group Inc. grew its holdings in Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock traded up $2.75 during trading on Friday, hitting $344.24. 6,344,192 shares of the stock traded hands, compared to its average volume of 3,519,389. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market cap of $341.35 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.36 and a beta of 1.00. The firm’s fifty day moving average is $338.51 and its 200-day moving average is $352.60. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.82 EPS. Research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. HSBC reduced their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. TD Cowen reduced their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, UBS Group reduced their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $378.42.

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.