Northcape Wealth Management LLC Has $3.03 Million Stake in The Home Depot, Inc. (NYSE:HD)

Northcape Wealth Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,486 shares of the home improvement retailer’s stock after purchasing an additional 61 shares during the period. Northcape Wealth Management LLC’s holdings in Home Depot were worth $3,033,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Home Depot in the second quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC bought a new stake in shares of Home Depot during the second quarter worth approximately $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the second quarter valued at approximately $47,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $408.25 on Friday. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56. The stock has a market capitalization of $405.51 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The business has a 50-day moving average of $399.51 and a 200-day moving average of $366.34.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during 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 business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $3.81 earnings per share. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.06 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, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus raised 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. Morgan Stanley upped their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday. One equities research 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

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.