Norden Group LLC Sells 300 Shares of The Home Depot, Inc. (NYSE:HD)

Norden Group LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,181 shares of the home improvement retailer’s stock after selling 300 shares during the quarter. Norden Group LLC’s holdings in Home Depot were worth $3,571,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB lifted its holdings in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp lifted its holdings in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares during the last quarter. Wealth Group Ltd. purchased a new stake in Home Depot during the third quarter valued at about $217,000. Swedbank AB lifted its holdings in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in Home Depot by 1.6% during the third quarter. Rosenberg Matthew Hamilton now owns 1,860 shares of the home improvement retailer’s stock valued at $754,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.6 %

Shares of NYSE HD opened at $396.69 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm’s 50 day simple moving average is $401.36 and its two-hundred day simple moving average is $399.06. The stock has a market capitalization of $394.06 billion, a P/E ratio of 26.95, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period last year, the business earned $2.82 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Piper Sandler lowered their price target on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

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.