Pinnacle Bancorp Inc. Has $705,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Pinnacle Bancorp Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,813 shares of the home improvement retailer’s stock after selling 35 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Home Depot were worth $705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sienna Gestion lifted its stake in shares of Home Depot by 0.5% in the 2nd quarter. Sienna Gestion now owns 55,761 shares of the home improvement retailer’s stock valued at $19,186,000 after purchasing an additional 255 shares during the period. Miramar Capital LLC lifted its stake in Home Depot by 0.4% in the second quarter. Miramar Capital LLC now owns 42,137 shares of the home improvement retailer’s stock valued at $14,505,000 after buying an additional 152 shares during the period. AllGen Financial Advisors Inc. boosted its holdings in Home Depot by 64.2% during the second quarter. AllGen Financial Advisors Inc. now owns 2,301 shares of the home improvement retailer’s stock worth $792,000 after buying an additional 900 shares during the last quarter. WCG Wealth Advisors LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $3,858,000. Finally, Concorde Asset Management LLC increased its stake in shares of Home Depot by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 1,348 shares of the home improvement retailer’s stock valued at $464,000 after acquiring an additional 37 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

HD has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Shares of NYSE HD opened at $409.21 on Friday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a 50 day moving average price of $406.24 and a 200 day moving average price of $386.78. The stock has a market capitalization of $406.50 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

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.