The Home Depot, Inc. (NYSE:HD) Stock Holdings Lowered by Piscataqua Savings Bank

Piscataqua Savings Bank cut its position in The Home Depot, Inc. (NYSE:HD) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,835 shares of the home improvement retailer’s stock after selling 163 shares during the quarter. Home Depot comprises 1.3% of Piscataqua Savings Bank’s holdings, making the stock its 22nd biggest position. Piscataqua Savings Bank’s holdings in Home Depot were worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Lighthouse Wealth Management Inc. bought a new stake in shares of Home Depot during the fourth quarter valued at about $258,000. Mount Yale Investment Advisors LLC raised its position in shares of Home Depot by 25.6% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 12,219 shares of the home improvement retailer’s stock worth $4,753,000 after buying an additional 2,490 shares in the last quarter. Curran Financial Partners LLC lifted its stake in shares of Home Depot by 8.5% in the 4th quarter. Curran Financial Partners LLC now owns 739 shares of the home improvement retailer’s stock worth $287,000 after acquiring an additional 58 shares during the period. McLean Asset Management Corp raised its holdings in Home Depot by 1.7% during the fourth quarter. McLean Asset Management Corp now owns 2,683 shares of the home improvement retailer’s stock worth $1,044,000 after purchasing an additional 44 shares in the last quarter. Finally, Webster Bank N. A. lifted its position in Home Depot by 1.0% in the fourth quarter. Webster Bank N. A. now owns 19,663 shares of the home improvement retailer’s stock worth $7,649,000 after purchasing an additional 203 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on HD shares. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley increased their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

Shares of HD opened at $413.46 on Thursday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $410.72 billion, a PE ratio of 28.09, a PEG ratio of 4.32 and a beta of 1.05. The firm’s 50 day moving average price is $407.66 and its 200 day moving average price is $391.78. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.81 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the firm’s 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 transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by insiders.

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.