NorthRock Partners LLC Cuts Position in The Home Depot, Inc. (NYSE:HD)

NorthRock Partners LLC lowered its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,521 shares of the home improvement retailer's stock after selling 1,332 shares during the quarter. NorthRock Partners LLC's holdings in Home Depot were worth $2,642,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HD. International Assets Investment Management LLC grew its holdings in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after buying an additional 8,762,735 shares in the last quarter. Wulff Hansen & CO. grew its holdings in Home Depot by 33,540.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock valued at $509,081,000 after buying an additional 1,474,459 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in Home Depot during the 1st quarter valued at about $513,016,000. Price T Rowe Associates Inc. MD grew its holdings in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock valued at $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Finally, Swedbank AB purchased a new position in Home Depot during the 1st quarter valued at about $301,364,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD stock traded down $11.90 during trading on Wednesday, reaching $388.19. The stock had a trading volume of 7,129,534 shares, compared to its average volume of 3,364,879. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56. The stock's 50 day moving average is $393.80 and its two-hundred day moving average is $363.10. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a market cap of $385.59 billion, a PE ratio of 26.12, a PEG ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts' consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 earnings per share. Home Depot's revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot's dividend payout ratio (DPR) is currently 60.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HD. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a report on Tuesday, September 24th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday. Piper Sandler boosted their price objective on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Truist Financial boosted their target price on Home Depot from $395.00 to $455.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $416.37.

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.