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

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

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the third quarter valued at $41,000. Finally, Marshall Investment Management LLC bought a new stake in Home Depot in the fourth quarter valued at $41,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Robert W. Baird lowered their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday. Finally, Royal Bank of Canada lowered their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Price Performance

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 stock has a 50-day moving average of $401.36 and a 200 day moving average of $399.06. The company has a market capitalization of $394.06 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period last year, the company earned $2.82 EPS. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

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

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.