NORTHSTAR ASSET MANAGEMENT Co LLC Has $4.19 Million Stake in The Home Depot, Inc. (NYSE:HD)

NORTHSTAR ASSET MANAGEMENT Co LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 1.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 12,183 shares of the home improvement retailer’s stock after selling 140 shares during the period. Home Depot comprises approximately 1.0% of NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings, making the stock its 21st biggest position. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Home Depot were worth $4,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bare Financial Services Inc bought a new position in shares of Home Depot in the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot in the fourth quarter worth about $27,000. Burkett Financial Services LLC bought a new stake in Home Depot in the fourth quarter worth about $38,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter worth about $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot in the fourth quarter worth about $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.6 %

Shares of HD traded up $1.99 during mid-day trading on Friday, reaching $362.06. The company’s stock had a trading volume of 3,308,320 shares, compared to its average volume of 3,434,097. The stock has a market cap of $359.02 billion, a PE ratio of 24.28, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company’s fifty day moving average price is $350.74 and its two-hundred day moving average price is $353.23.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the business posted $4.65 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.49%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Royal Bank of Canada reduced their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $352.00 to $395.00 in a research note on Wednesday, June 26th. Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, TD Cowen reduced their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.33.

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.