New Hampshire Trust Sells 117 Shares of The Home Depot, Inc. (NYSE:HD)

New Hampshire Trust trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,303 shares of the home improvement retailer’s stock after selling 117 shares during the period. Home Depot comprises about 1.4% of New Hampshire Trust’s investment portfolio, making the stock its 15th largest position. New Hampshire Trust’s holdings in Home Depot were worth $5,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC grew its holdings in shares of Home Depot by 0.7% during the second quarter. Northwest Investment Counselors LLC now owns 8,355 shares of the home improvement retailer’s stock worth $2,595,000 after purchasing an additional 60 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Home Depot by 0.5% during the second quarter. Capital Investment Advisors LLC now owns 224,432 shares of the home improvement retailer’s stock worth $69,717,000 after purchasing an additional 1,008 shares during the last quarter. CRA Financial Services LLC grew its holdings in shares of Home Depot by 10.5% during the second quarter. CRA Financial Services LLC now owns 17,570 shares of the home improvement retailer’s stock worth $5,458,000 after purchasing an additional 1,667 shares during the last quarter. Willis Investment Counsel grew its holdings in shares of Home Depot by 1.5% during the second quarter. Willis Investment Counsel now owns 100,319 shares of the home improvement retailer’s stock worth $31,163,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in shares of Home Depot by 2.2% during the second quarter. Janiczek Wealth Management LLC now owns 1,720 shares of the home improvement retailer’s stock worth $534,000 after purchasing an additional 37 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, CAO Kimberly R. Scardino sold 1,600 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total transaction of $522,704.00. Following the completion of the transaction, the chief accounting officer now owns 8,281 shares of the company’s stock, valued at approximately $2,705,319.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Timothy A. Hourigan sold 12,120 shares of the business’s 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 completion of the transaction, the executive vice president now owns 73,049 shares of the company’s stock, valued at approximately $23,770,144.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Kimberly R. Scardino sold 1,600 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total value of $522,704.00. Following the sale, the chief accounting officer now owns 8,281 shares in the company, valued at approximately $2,705,319.89. The disclosure for this sale can be found here. Insiders sold 19,811 shares of company stock valued at $6,441,376 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on HD. Wells Fargo & Company increased their target price on Home Depot from $345.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Loop Capital raised their price target on Home Depot from $300.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, August 16th. Citigroup raised their price target on Home Depot from $327.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Guggenheim raised their price target on Home Depot from $320.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Stifel Nicolaus began coverage on Home Depot in a report on Wednesday, September 6th. They issued a “hold” rating and a $350.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.62.

Home Depot Trading Down 1.3 %

NYSE HD opened at $317.26 on Tuesday. The stock’s 50-day moving average is $325.92 and its 200-day moving average is $305.38. The Home Depot, Inc. has a one year low of $265.61 and a one year high of $347.25. The firm has a market cap of $317.28 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 30.53, a current ratio of 1.31 and a quick ratio of 0.35.

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

Home Depot announced that its board has approved a share repurchase plan on Tuesday, August 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were issued a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $8.36 annualized dividend and a yield of 2.64%. Home Depot’s dividend payout ratio is presently 52.22%.

Home Depot Company Profile

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.