Blue Fin Capital Inc. Buys 216 Shares of The Home Depot, Inc. (NYSE:HD)

Blue Fin Capital Inc. increased its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,106 shares of the home improvement retailer’s stock after purchasing an additional 216 shares during the quarter. Blue Fin Capital Inc.’s holdings in Home Depot were worth $2,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC increased its holdings in shares of Home Depot by 1.5% in the 2nd quarter. Measured Wealth Private Client Group LLC now owns 2,294 shares of the home improvement retailer’s stock worth $629,000 after acquiring an additional 33 shares during the period. Oliver Lagore Vanvalin Investment Group grew its position in Home Depot by 5.4% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after buying an additional 33 shares in the last quarter. First National Corp MA ADV grew its position in Home Depot by 1.4% in the 2nd quarter. First National Corp MA ADV now owns 2,505 shares of the home improvement retailer’s stock valued at $687,000 after buying an additional 35 shares in the last quarter. Personal CFO Solutions LLC grew its position in Home Depot by 1.2% in the 2nd quarter. Personal CFO Solutions LLC now owns 2,872 shares of the home improvement retailer’s stock valued at $788,000 after buying an additional 35 shares in the last quarter. Finally, Bridge Advisory LLC grew its position in Home Depot by 1.5% in the 3rd quarter. Bridge Advisory LLC now owns 2,507 shares of the home improvement retailer’s stock valued at $692,000 after buying an additional 36 shares in the last quarter. 68.31% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $317.69 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $374.67. The business has a 50-day moving average of $320.86 and a two-hundred day moving average of $302.94. The stock has a market capitalization of $325.23 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.68 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company had revenue of $38.87 billion during the quarter, compared to analysts’ expectations of $37.96 billion. During the same quarter in the previous year, the firm earned $3.92 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.39%. Home Depot’s dividend payout ratio is currently 45.81%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Cowen increased their target price on shares of Home Depot from $350.00 to $379.00 and gave the company an “outperform” rating in a research report on Tuesday, December 13th. Sanford C. Bernstein began coverage on shares of Home Depot in a research report on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 target price for the company. TheStreet upgraded shares of Home Depot from a “c+” rating to a “b” rating in a research report on Tuesday, November 15th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of Home Depot from $366.00 to $329.00 and set a “buy” rating for the company in a research report on Tuesday, November 8th. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $341.24.

Insiders Place Their Bets

In related news, EVP Fahim Siddiqui sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Home Depot news, EVP Fahim Siddiqui sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paula Santilli acquired 1,583 shares of the stock in a transaction dated Wednesday, November 16th. The stock was bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the purchase, the director now owns 1,583 shares in the company, valued at approximately $499,911.40. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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