Norwood Financial Corp Sells 35 Shares of The Home Depot, Inc. (NYSE:HD)

Norwood Financial Corp decreased its stake in The Home Depot, Inc. (NYSE:HD) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,036 shares of the home improvement retailer’s stock after selling 35 shares during the period. Norwood Financial Corp’s holdings in Home Depot were worth $397,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at $245,000. Trexquant Investment LP boosted its stake in shares of Home Depot by 300.3% in the 3rd quarter. Trexquant Investment LP now owns 8,371 shares of the home improvement retailer’s stock valued at $2,529,000 after purchasing an additional 6,280 shares in the last quarter. Morningstar Investment Services LLC boosted its stake in shares of Home Depot by 36.6% in the 3rd quarter. Morningstar Investment Services LLC now owns 3,602 shares of the home improvement retailer’s stock valued at $1,093,000 after purchasing an additional 966 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Home Depot in the 3rd quarter valued at $773,000. Finally, Dempze Nancy E boosted its stake in shares of Home Depot by 2.9% in the 3rd quarter. Dempze Nancy E now owns 9,620 shares of the home improvement retailer’s stock valued at $2,907,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.8 %

NYSE:HD traded up $2.85 on Friday, reaching $344.34. 6,343,987 shares of the stock traded hands, compared to its average volume of 3,465,830. The company has a market capitalization of $341.45 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.36 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company’s fifty day simple moving average is $338.51 and its 200 day simple moving average is $352.60.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $3.82 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Citigroup dropped their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Guggenheim reissued a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, May 14th. Finally, Evercore ISI increased their price target on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

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.