Citizens & Northern Corp Sells 38 Shares of The Home Depot, Inc. (NYSE:HD)

Citizens & Northern Corp trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,518 shares of the home improvement retailer’s stock after selling 38 shares during the period. Home Depot accounts for about 0.8% of Citizens & Northern Corp’s investment portfolio, making the stock its 26th largest position. Citizens & Northern Corp’s holdings in Home Depot were worth $2,259,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Home Depot during the 4th quarter valued at $4,311,070,000. International Assets Investment Management LLC increased its stake in Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares during the period. Jennison Associates LLC raised its holdings in Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after acquiring an additional 1,207,388 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $207,210,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Home Depot by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock valued at $746,003,000 after purchasing an additional 421,619 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a research note on Wednesday, February 14th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Evercore ISI upped their target price on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. TD Cowen reduced their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $377.46.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction 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 directly owns 33,325 shares in the company, 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. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

NYSE:HD traded down $3.89 during mid-day trading on Thursday, hitting $326.70. The stock had a trading volume of 1,878,346 shares, compared to its average volume of 3,379,188. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company’s 50 day simple moving average is $352.48 and its 200 day simple moving average is $347.49. The stock has a market cap of $323.76 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.32 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.82 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.31 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, May 29th. Home Depot’s payout ratio is 60.36%.

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.