Charter Trust Co. Raises Holdings in The Home Depot (HD)

Charter Trust Co. grew its position in shares of The Home Depot (NYSE:HD) by 23.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,671 shares of the home improvement retailer’s stock after acquiring an additional 4,104 shares during the period. Charter Trust Co.’s holdings in The Home Depot were worth $4,107,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of The Home Depot by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after buying an additional 703,292 shares during the period. Capital Research Global Investors raised its holdings in The Home Depot by 0.9% in the 2nd quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after purchasing an additional 170,139 shares during the period. Northern Trust Corp raised its holdings in The Home Depot by 1.3% in the 2nd quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after purchasing an additional 222,958 shares during the period. Alliancebernstein L.P. raised its holdings in The Home Depot by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after purchasing an additional 84,750 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in The Home Depot by 1.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,184,365 shares of the home improvement retailer’s stock worth $1,172,123,000 after purchasing an additional 95,146 shares during the period. Hedge funds and other institutional investors own 70.69% of the company’s stock.

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A number of equities research analysts have commented on the company. Deutsche Bank raised their price target on The Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Telsey Advisory Group restated an “outperform” rating and set a $220.00 price objective (up previously from $190.00) on shares of The Home Depot in a research report on Friday, January 19th. Argus restated a “buy” rating and set a $215.00 price objective (up previously from $190.00) on shares of The Home Depot in a research report on Wednesday, February 21st. Wedbush reiterated a “hold” rating and issued a $190.00 price target (up previously from $170.00) on shares of The Home Depot in a research report on Wednesday, February 21st. Finally, Jefferies Group reiterated a “buy” rating and issued a $223.00 price target on shares of The Home Depot in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The Home Depot currently has an average rating of “Buy” and a consensus target price of $194.04.

In related news, CEO Craig A. Menear sold 113,687 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of the transaction, the chief executive officer now owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Armando M. Codina bought 6,650 shares of The Home Depot stock in a transaction on Friday, March 2nd. The shares were acquired at an average price of $178.66 per share, for a total transaction of $1,188,089.00. Following the completion of the acquisition, the director now owns 42,300 shares in the company, valued at $7,557,318. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 169,027 shares of company stock valued at $31,220,882. 0.26% of the stock is owned by corporate insiders.

Shares of The Home Depot stock traded down $4.68 during trading hours on Friday, reaching $174.45. The stock had a trading volume of 5,233,311 shares, compared to its average volume of 5,374,371. The Home Depot has a twelve month low of $144.25 and a twelve month high of $207.60. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17. The company has a market cap of $207,205.39, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.15.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.07. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. equities research analysts forecast that The Home Depot will post 9.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.36%. The ex-dividend date was Wednesday, March 7th. This is a boost from The Home Depot’s previous quarterly dividend of $0.89. The Home Depot’s dividend payout ratio is currently 55.23%.

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The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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