The Home Depot, Inc. (NYSE:HD) Shares Acquired by West Coast Financial LLC

West Coast Financial LLC grew its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,184 shares of the home improvement retailer’s stock after purchasing an additional 115 shares during the quarter. Home Depot makes up approximately 1.1% of West Coast Financial LLC’s portfolio, making the stock its 26th largest holding. West Coast Financial LLC’s holdings in Home Depot were worth $5,845,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Pinnacle Associates Ltd. grew its position in shares of Home Depot by 2.4% in the third quarter. Pinnacle Associates Ltd. now owns 127,766 shares of the home improvement retailer’s stock valued at $35,256,000 after purchasing an additional 3,030 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Home Depot by 18.5% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,172 shares of the home improvement retailer’s stock valued at $875,000 after purchasing an additional 495 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in shares of Home Depot by 0.6% in the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,873 shares of the home improvement retailer’s stock valued at $1,621,000 after purchasing an additional 36 shares during the last quarter. Harbor Advisory Corp MA lifted its stake in shares of Home Depot by 1.4% during the third quarter. Harbor Advisory Corp MA now owns 3,643 shares of the home improvement retailer’s stock valued at $1,005,000 after buying an additional 49 shares during the period. Finally, Moloney Securities Asset Management LLC lifted its stake in shares of Home Depot by 1.0% during the third quarter. Moloney Securities Asset Management LLC now owns 11,030 shares of the home improvement retailer’s stock valued at $3,044,000 after buying an additional 104 shares during the period. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Wedbush reduced their price objective on shares of Home Depot to $280.00 in a research note on Wednesday, November 16th. Exane BNP Paribas downgraded shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price objective on the stock. in a research note on Wednesday, October 19th. Guggenheim reduced their price objective on shares of Home Depot to $335.00 in a research note on Thursday, November 17th. MKM Partners reduced their price objective on shares of Home Depot from $330.00 to $312.00 in a research note on Wednesday, November 9th. Finally, BNP Paribas downgraded shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price objective on the stock. in a research note on Wednesday, October 19th. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $341.24.

Home Depot Price Performance

Home Depot stock opened at $331.21 on Monday. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $382.01. The firm has a fifty day moving average of $318.31 and a 200-day moving average of $300.87. The firm has a market capitalization of $339.07 billion, a P/E ratio of 19.96, a PEG ratio of 1.77 and a beta of 0.95. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.13. The company had revenue of $38.87 billion during the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.92 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 16.64 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Wednesday, November 30th. Home Depot’s payout ratio is 45.81%.

Insider Activity at Home Depot

In other news, Director Paula Santilli purchased 1,583 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average cost of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now owns 1,583 shares in the company, valued at $499,911.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Home Depot news, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now directly owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paula Santilli acquired 1,583 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average cost of $315.80 per share, with a total value of $499,911.40. Following the completion of the acquisition, the director now owns 1,583 shares in the company, valued at $499,911.40. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Home Depot Profile

(Get Rating)

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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.