The Home Depot, Inc. (NYSE:HD) Shares Sold by Norway Savings Bank

Norway Savings Bank decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,334 shares of the home improvement retailer’s stock after selling 150 shares during the quarter. Norway Savings Bank’s holdings in Home Depot were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Asset Management LLC boosted its holdings in Home Depot by 0.9% in the 4th quarter. Summit Asset Management LLC now owns 3,491 shares of the home improvement retailer’s stock valued at $1,103,000 after purchasing an additional 31 shares during the period. M Holdings Securities Inc. boosted its holdings in Home Depot by 0.3% in the 4th quarter. M Holdings Securities Inc. now owns 9,993 shares of the home improvement retailer’s stock valued at $3,161,000 after purchasing an additional 33 shares during the period. Fortune 45 LLC boosted its holdings in Home Depot by 2.3% in the 1st quarter. Fortune 45 LLC now owns 1,492 shares of the home improvement retailer’s stock valued at $440,000 after purchasing an additional 34 shares during the period. Richard P Slaughter Associates Inc boosted its holdings in Home Depot by 4.0% in the 1st quarter. Richard P Slaughter Associates Inc now owns 885 shares of the home improvement retailer’s stock valued at $261,000 after purchasing an additional 34 shares during the period. Finally, Ethos Financial Group LLC boosted its holdings in Home Depot by 1.1% in the 1st quarter. Ethos Financial Group LLC now owns 3,272 shares of the home improvement retailer’s stock valued at $966,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 12,120 shares of Home Depot stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $325.40, for a total transaction of $3,943,848.00. Following the sale, the executive vice president now directly owns 73,049 shares in the company, valued at approximately $23,770,144.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Timothy A. Hourigan sold 12,120 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $325.40, for a total value of $3,943,848.00. Following the sale, the executive vice president now directly owns 73,049 shares in the company, valued at approximately $23,770,144.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kimberly R. Scardino sold 1,600 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $326.69, for a total value of $522,704.00. Following the completion of the sale, the chief accounting officer now owns 8,281 shares in the company, valued at $2,705,319.89. The disclosure for this sale can be found here. Insiders have sold 19,811 shares of company stock worth $6,441,376 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on shares of Home Depot in a research report on Wednesday, September 6th. They set a “hold” rating and a $350.00 target price on the stock. Wedbush lifted their target price on shares of Home Depot from $290.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, August 16th. StockNews.com initiated coverage on shares of Home Depot in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $360.00 target price on shares of Home Depot in a research report on Wednesday, August 9th. Finally, Evercore ISI lifted their target price on shares of Home Depot from $360.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Thirteen investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $339.62.

Home Depot Stock Down 1.3 %

Home Depot stock opened at $317.26 on Tuesday. The firm has a 50 day moving average price of $325.92 and a two-hundred day moving average price of $305.38. The firm has a market cap of $317.28 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 30.53, a quick ratio of 0.35 and a current ratio of 1.31. The Home Depot, Inc. has a 52-week low of $265.61 and a 52-week high of $347.25.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $4.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.20. The business had revenue of $42.92 billion during the quarter, compared to the consensus estimate of $42.19 billion. Home Depot had a net margin of 10.48% and a return on equity of 1,424.89%. Home Depot’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.05 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.24 EPS for the current year.

Home Depot announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 15th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were paid a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Wednesday, August 30th. Home Depot’s payout ratio is 52.22%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. 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.