Northwest Bancshares Inc. Has $8.55 Million Position in The Home Depot, Inc. (NYSE:HD)

Northwest Bancshares Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,097 shares of the home improvement retailer's stock after selling 3,569 shares during the quarter. Home Depot makes up approximately 1.5% of Northwest Bancshares Inc.'s holdings, making the stock its 7th biggest holding. Northwest Bancshares Inc.'s holdings in Home Depot were worth $8,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC increased its holdings in shares of Home Depot by 248.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 89,385 shares of the home improvement retailer's stock worth $36,219,000 after acquiring an additional 63,727 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Home Depot during the 3rd quarter valued at $3,617,000. Counterweight Ventures LLC raised its holdings in Home Depot by 0.7% in the 3rd quarter. Counterweight Ventures LLC now owns 7,408 shares of the home improvement retailer's stock valued at $3,002,000 after buying an additional 52 shares during the last quarter. New Millennium Group LLC grew its stake in shares of Home Depot by 634.2% in the third quarter. New Millennium Group LLC now owns 2,342 shares of the home improvement retailer's stock worth $949,000 after purchasing an additional 2,023 shares during the last quarter. Finally, West Family Investments Inc. lifted its stake in shares of Home Depot by 30.9% in the third quarter. West Family Investments Inc. now owns 2,687 shares of the home improvement retailer's stock worth $1,089,000 after acquiring an additional 635 shares during the period. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

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 value of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on HD shares. JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Evercore ISI boosted their target price on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Oppenheimer raised their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a report on Tuesday, September 24th. Gordon Haskett raised shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. Finally, UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Trading Down 1.5 %

Shares of HD stock traded down $5.92 during trading hours on Wednesday, reaching $400.88. 1,728,226 shares of the stock traded hands, compared to its average volume of 3,373,640. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $398.19 billion, a PE ratio of 27.35, a PEG ratio of 2.84 and a beta of 1.01. The business has a fifty day moving average price of $401.13 and a 200 day moving average price of $367.78.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company earned $3.81 earnings per share. The business's revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed 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 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is currently 61.14%.

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.