Trade Report: The Norris Perne & French LLP MI reached $303,000 position of The Home Depot Inc. (HD)

The Norris Perne & French LLP MI reached $303,000 position  of The Home Depot Inc. (HD)

Norris Perne & French LLP MI lowered its stake in shares of The Home Depot Inc. (NYSE:HD) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,372 shares of the home improvement retailer’s stock after selling 273 shares during the period. Norris Perne & French LLP MI’s holdings in The Home Depot were worth $303,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. PacWest Financial Management Inc raised its position in shares of The Home Depot by 1.3% in the first quarter. PacWest Financial Management Inc now owns 20,895 shares of the home improvement retailer’s stock worth $2,788,000 after buying an additional 258 shares during the period. IMS Capital Management raised its position in shares of The Home Depot by 3.2% in the first quarter. IMS Capital Management now owns 9,808 shares of the home improvement retailer’s stock worth $1,309,000 after buying an additional 305 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of The Home Depot by 8.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,312 shares of the home improvement retailer’s stock worth $442,000 after buying an additional 270 shares during the period. Hills Bank & Trust Co. raised its position in shares of The Home Depot by 1.8% in the first quarter. Hills Bank & Trust Co. now owns 48,396 shares of the home improvement retailer’s stock worth $6,458,000 after buying an additional 843 shares during the period. Finally, Wade G W & Inc. raised its position in shares of The Home Depot by 9.3% in the first quarter. Wade G W & Inc. now owns 4,243 shares of the home improvement retailer’s stock worth $566,000 after buying an additional 362 shares during the period. 71.86% of the stock is owned by institutional investors.

The Home Depot Inc. (NYSE:HD) traded down 0.32% during midday trading on Thursday, hitting $126.29. 3,655,714 shares of the company traded hands. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00. The company has a market capitalization of $156.04 billion, a price-to-earnings ratio of 21.38 and a beta of 0.97. The stock’s 50-day moving average price is $129.56 and its 200 day moving average price is $132.46.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The business had revenue of $26.47 billion for the quarter, compared to analyst estimates of $26.47 billion. During the same quarter in the prior year, the business earned $1.71 EPS. The Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that The Home Depot Inc. will post $6.33 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.69 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a yield of 2.19%. The Home Depot’s dividend payout ratio (DPR) is currently 46.54%.

HD has been the subject of a number of research analyst reports. Deutsche Bank AG upped their target price on The Home Depot from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Vetr downgraded The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 target price for the company. in a research report on Monday, July 4th. Jefferies Group restated a “buy” rating on shares of The Home Depot in a research report on Sunday, July 3rd. Nomura upgraded The Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $155.00 in a research report on Thursday, June 23rd. Finally, Stifel Nicolaus initiated coverage on The Home Depot in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 target price for the company. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The Home Depot presently has an average rating of “Buy” and a consensus target price of $146.86.

In other The Home Depot news, EVP Matt Carey sold 29,357 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the transaction, the executive vice president now owns 88,872 shares in the company, valued at approximately $12,109,698.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $136.03, for a total transaction of $1,587,606.13. Following the transaction, the executive vice president now owns 44,107 shares in the company, valued at approximately $5,999,875.21. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

About The Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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