NORTHSTAR ASSET MANAGEMENT Co LLC Buys 75 Shares of The Home Depot, Inc. (NYSE:HD)

NORTHSTAR ASSET MANAGEMENT Co LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,258 shares of the home improvement retailer’s stock after buying an additional 75 shares during the period. Home Depot accounts for 1.1% of NORTHSTAR ASSET MANAGEMENT Co LLC’s investment portfolio, making the stock its 18th biggest position. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Home Depot were worth $4,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot in the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter worth approximately $46,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Evercore ISI increased their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $428.78.

Home Depot Price Performance

Shares of Home Depot stock opened at $414.25 on Tuesday. The firm has a market cap of $411.50 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company’s fifty day simple moving average is $406.14 and its two-hundred day simple moving average is $394.55.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 in the last quarter. Insiders own 0.10% of the company’s stock.

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.