The Home Depot, Inc. (NYSE:HD) Shares Purchased by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,097 shares of the home improvement retailer’s stock after buying an additional 62 shares during the period. Northeast Financial Consultants Inc’s holdings in Home Depot were worth $9,359,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HD. Lantz Financial LLC lifted its position in Home Depot by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock valued at $2,069,000 after purchasing an additional 89 shares during the last quarter. Austin Private Wealth LLC raised its holdings in Home Depot by 14.7% during the second quarter. Austin Private Wealth LLC now owns 2,023 shares of the home improvement retailer’s stock worth $697,000 after purchasing an additional 260 shares in the last quarter. Dnca Finance acquired a new stake in Home Depot in the second quarter worth approximately $8,606,000. RFG Advisory LLC boosted its stake in Home Depot by 8.9% during the 2nd quarter. RFG Advisory LLC now owns 29,477 shares of the home improvement retailer’s stock valued at $10,147,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Northwest Investment Counselors LLC raised its stake in shares of Home Depot by 3.5% in the 2nd quarter. Northwest Investment Counselors LLC now owns 8,550 shares of the home improvement retailer’s stock worth $2,943,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Melius Research started coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Up 1.1 %

Home Depot stock opened at $431.37 on Friday. The firm has a market cap of $428.51 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 2.97 and a beta of 1.03. The firm has a fifty day moving average price of $410.60 and a two-hundred day moving average price of $375.06. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.09%. Home Depot’s payout ratio is 61.14%.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. Company 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.