Old North State Trust LLC Buys 313 Shares of Home Depot Inc (NYSE:HD)

Old North State Trust LLC increased its stake in shares of Home Depot Inc (NYSE:HD) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,888 shares of the home improvement retailer’s stock after buying an additional 313 shares during the quarter. Home Depot accounts for 0.8% of Old North State Trust LLC’s investment portfolio, making the stock its 25th largest holding. Old North State Trust LLC’s holdings in Home Depot were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in HD. Lindbrook Capital LLC grew its stake in Home Depot by 1.6% in the 2nd quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock valued at $635,000 after purchasing an additional 49 shares during the period. First Command Financial Services Inc. lifted its position in shares of Home Depot by 0.9% during the 2nd quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock valued at $1,167,000 after buying an additional 50 shares during the last quarter. Canton Hathaway LLC lifted its position in shares of Home Depot by 4.3% during the 2nd quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock valued at $250,000 after buying an additional 50 shares during the last quarter. Mercer Capital Advisers Inc. lifted its position in shares of Home Depot by 1.9% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 2,730 shares of the home improvement retailer’s stock valued at $568,000 after buying an additional 50 shares during the last quarter. Finally, Benin Management CORP lifted its position in shares of Home Depot by 2.0% during the 2nd quarter. Benin Management CORP now owns 2,591 shares of the home improvement retailer’s stock valued at $539,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 69.92% of the company’s stock.

A number of research analysts have recently commented on HD shares. Robert W. Baird upped their price target on Home Depot from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Morgan Stanley upped their price target on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Goldman Sachs Group started coverage on Home Depot in a research report on Thursday, July 11th. They set a “buy” rating and a $235.00 price target on the stock. Argus set a $240.00 price target on Home Depot and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Credit Suisse Group set a $213.00 price objective on Home Depot and gave the stock a “neutral” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $226.65.

HD traded up $2.27 during trading on Wednesday, reaching $228.94. 2,671,344 shares of the company were exchanged, compared to its average volume of 4,120,547. The company’s 50-day moving average is $226.72 and its two-hundred day moving average is $208.94. The company has a market cap of $249.62 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 2.23 and a beta of 1.05. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $235.49.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.18%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.05 EPS. Equities analysts predict that Home Depot Inc will post 10.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.38%. Home Depot’s dividend payout ratio is currently 55.01%.

In other Home Depot news, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the transaction, the executive vice president now directly owns 87,343 shares in the company, valued at approximately $19,839,962.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the transaction, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock worth $39,076,428 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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