Community Trust & Investment Co. lifted its stake in shares of Home Depot Inc (NYSE:HD) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,736 shares of the home improvement retailer’s stock after buying an additional 43 shares during the quarter. Community Trust & Investment Co.’s holdings in Home Depot were worth $635,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Rockland Trust Co. increased its stake in Home Depot by 2.6% in the 3rd quarter. Rockland Trust Co. now owns 102,358 shares of the home improvement retailer’s stock valued at $23,216,000 after buying an additional 2,586 shares during the period. Country Trust Bank acquired a new position in Home Depot in the 3rd quarter valued at $403,000. Truvestments Capital LLC increased its stake in Home Depot by 10.1% in the 3rd quarter. Truvestments Capital LLC now owns 1,813 shares of the home improvement retailer’s stock valued at $421,000 after buying an additional 166 shares during the period. Pacer Advisors Inc. increased its stake in Home Depot by 9.9% in the 3rd quarter. Pacer Advisors Inc. now owns 117,826 shares of the home improvement retailer’s stock valued at $27,338,000 after buying an additional 10,585 shares during the period. Finally, We Are One Seven LLC increased its stake in Home Depot by 6.6% in the 3rd quarter. We Are One Seven LLC now owns 5,686 shares of the home improvement retailer’s stock valued at $1,319,000 after buying an additional 353 shares during the period. Institutional investors and hedge funds own 69.92% of the company’s stock.
Several equities analysts have issued reports on the stock. Credit Suisse Group set a $213.00 price objective on shares of Home Depot and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Morgan Stanley upped their price target on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Raymond James reaffirmed an “outperform” rating and set a $250.00 price target on shares of Home Depot in a research note on Tuesday. Argus set a $240.00 price target on shares of Home Depot and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada upped their price target on shares of Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average target price of $226.65.
In other Home Depot news, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the transaction, the executive vice president now directly owns 87,343 shares in the company, valued at approximately $19,839,962.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the transaction, the executive vice president now owns 84,123 shares in the company, valued at $18,511,266.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by insiders.
NYSE HD traded up $5.06 during trading hours on Friday, reaching $236.68. The company’s stock had a trading volume of 1,133,796 shares, compared to its average volume of 3,719,388. The stock has a market cap of $248.24 billion, a PE ratio of 23.93, a PEG ratio of 2.22 and a beta of 1.05. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $235.49. The company’s 50-day moving average is $227.40 and its two-hundred day moving average is $209.35.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. The company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.05 EPS. As a group, equities research analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $1.36 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.30%. Home Depot’s dividend payout ratio (DPR) is 55.01%.
About Home Depot
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.
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