TruNorth Capital Management LLC Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

TruNorth Capital Management LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 44.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114 shares of the home improvement retailer’s stock after selling 90 shares during the period. TruNorth Capital Management LLC’s holdings in Home Depot were worth $44,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB increased its position in Home Depot by 10.8% during the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after buying an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp increased its holdings in shares of 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 acquiring an additional 289 shares in the last quarter. Wealth Group Ltd. purchased a new position in shares of Home Depot in the 3rd quarter valued at approximately $217,000. Swedbank AB boosted its stake in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares in the last quarter. Finally, Parcion Private Wealth LLC grew its position in Home Depot by 6.8% during the 3rd quarter. Parcion Private Wealth LLC now owns 16,425 shares of the home improvement retailer’s stock worth $6,655,000 after purchasing an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of a number of research analyst reports. Evercore ISI lifted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Stock Down 1.1 %

Home Depot stock opened at $381.12 on Tuesday. 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 stock has a market capitalization of $378.59 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business has a 50 day simple moving average of $401.53 and a 200-day simple moving average of $398.16. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot Increases Dividend

The business also recently disclosed 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 2.41%. Home Depot’s dividend payout ratio is currently 61.14%.

Home Depot Company 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.