Perigon Wealth Management LLC Sells 3,229 Shares of The Home Depot, Inc. (NYSE:HD)

Perigon Wealth Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,138 shares of the home improvement retailer's stock after selling 3,229 shares during the period. Home Depot comprises about 1.0% of Perigon Wealth Management LLC's portfolio, making the stock its 15th biggest position. Perigon Wealth Management LLC's holdings in Home Depot were worth $38,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Navigoe LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $32,000. Quarry LP lifted its stake in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the period. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $39,000. Finally, NewSquare Capital LLC boosted its position in shares of Home Depot by 200.0% during the 4th 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 in the last quarter. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and upped their target price for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Morgan Stanley restated an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Royal Bank Of Canada cut their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Stifel Nicolaus upgraded Home Depot from a "hold" rating to a "buy" rating and upped their target price for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group cut their target price on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.77.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Up 0.4%

HD stock opened at $361.96 on Thursday. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 5.95. The stock's 50 day moving average is $363.10 and its 200-day moving average is $378.66. The firm has a market capitalization of $360.12 billion, a PE ratio of 24.56, a P/E/G ratio of 3.43 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the prior year, the business earned $3.63 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot's dividend payout ratio is presently 62.42%.

Home Depot 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.

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