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

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

Other hedge funds have also bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the third quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth about $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter worth about $46,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company lifted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $428.78.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 1.7 %

HD opened at $414.25 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a market capitalization of $411.50 billion, a PE ratio of 28.14, a PEG ratio of 4.22 and a beta of 1.05. The firm’s 50 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 data 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 firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.81 earnings per share. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

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

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.