Northeast Financial Group Inc. Has $308,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Northeast Financial Group Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 5.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 802 shares of the home improvement retailer’s stock after purchasing an additional 44 shares during the quarter. Northeast Financial Group Inc.’s holdings in Home Depot were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HD. Cape Investment Advisory Inc. boosted its position in Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after purchasing an additional 28 shares during the last quarter. Optas LLC boosted its position in Home Depot by 1.7% in the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 29 shares during the last quarter. STAR Financial Bank boosted its position in Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the last quarter. Harvest Investment Advisors LLC boosted its position in Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after purchasing an additional 30 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. lifted its position in shares of Home Depot by 0.3% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after buying an additional 30 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Down 0.1 %

Shares of NYSE:HD opened at $341.49 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market capitalization of $338.62 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.36 and a beta of 1.00. The stock has a 50 day moving average price of $338.15 and a 200-day moving average price of $352.59. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same quarter in the prior year, the company earned $3.82 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

A number of brokerages have recently commented on HD. Mizuho began coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. Wells Fargo & Company dropped their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Wedbush reaffirmed an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. Guggenheim reaffirmed a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Finally, UBS Group dropped their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.