The Home Depot, Inc. (NYSE:HD) Stock Holdings Raised by Perigon Wealth Management LLC

Perigon Wealth Management LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,367 shares of the home improvement retailer's stock after buying an additional 8,168 shares during the quarter. Home Depot accounts for 1.1% of Perigon Wealth Management LLC's portfolio, making the stock its 11th biggest holding. Perigon Wealth Management LLC's holdings in Home Depot were worth $44,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP grew its holdings in shares of Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after acquiring an additional 36 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot in the second quarter valued at $47,000. Anchor Investment Management LLC grew its holdings in Home Depot by 1.1% in the second quarter. Anchor Investment Management LLC now owns 19,965 shares of the home improvement retailer's stock valued at $6,873,000 after purchasing an additional 223 shares during the last quarter. Ashburton Jersey Ltd purchased a new position in shares of Home Depot in the second quarter valued at $8,450,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $1,382,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Down 0.6 %

Shares of NYSE:HD traded down $2.64 during trading on Friday, reaching $411.86. 2,761,013 shares of the stock were exchanged, compared to its average volume of 3,175,677. The firm's 50-day moving average price is $408.02 and its 200 day moving average price is $392.08. The firm has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the firm earned $3.81 earnings per share. Home Depot's revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company's stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Profile

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.