Alerus Financial NA Lowers Stake in The Home Depot, Inc. (NYSE:HD)

Alerus Financial NA lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,547 shares of the home improvement retailer’s stock after selling 107 shares during the period. Alerus Financial NA’s holdings in Home Depot were worth $2,158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the fourth quarter worth $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the fourth quarter valued at $32,000. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $39,000. Finally, NewSquare Capital LLC grew its position in shares of Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Robert W. Baird decreased their price target on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Guggenheim restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $435.85.

Home Depot Stock Up 0.2 %

Shares of NYSE HD opened at $362.96 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business’s 50 day moving average is $391.01 and its two-hundred day moving average is $398.65. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a market cap of $360.55 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. Home Depot’s dividend payout ratio (DPR) is presently 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.