Private Trust Co. NA decreased its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,191 shares of the home improvement retailer’s stock after selling 1,237 shares during the period. Home Depot accounts for approximately 1.1% of Private Trust Co. NA’s portfolio, making the stock its 13th biggest holding. Private Trust Co. NA’s holdings in Home Depot were worth $7,241,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Trilogy Capital Inc. lifted its holdings in Home Depot by 4.0% in the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock valued at $304,000 after acquiring an additional 28 shares during the period. Smith Anglin Financial LLC lifted its stake in shares of Home Depot by 1.1% in the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer’s stock valued at $1,068,000 after purchasing an additional 28 shares during the period. Palisades Hudson Asset Management L.P. boosted its holdings in Home Depot by 1.1% during the fourth quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock worth $1,045,000 after buying an additional 28 shares in the last quarter. Klingman & Associates LLC grew its position in Home Depot by 0.6% during the fourth quarter. Klingman & Associates LLC now owns 4,640 shares of the home improvement retailer’s stock worth $1,926,000 after buying an additional 29 shares during the period. Finally, Lenox Wealth Advisors LLC increased its holdings in Home Depot by 2.8% in the fourth quarter. Lenox Wealth Advisors LLC now owns 1,118 shares of the home improvement retailer’s stock valued at $464,000 after buying an additional 30 shares in the last quarter. Institutional investors own 70.61% of the company’s stock.
In other Home Depot news, Director Becker Caryn Seidman purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the purchase, the director now owns 1,500 shares in the company, valued at approximately $431,595. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.
HD opened at $275.42 on Friday. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The company has a 50 day moving average of $295.04 and a two-hundred day moving average of $333.63. The company has a market cap of $283.06 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.61 and a beta of 0.97. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 35.47.
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The firm had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.86 EPS. Research analysts anticipate that The Home Depot, Inc. will post 16.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.76%. Home Depot’s payout ratio is currently 48.25%.
A number of research firms recently weighed in on HD. Wedbush lowered their price target on Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, May 18th. Wells Fargo & Company lowered their target price on Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Piper Sandler increased their price objective on shares of Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a research note on Wednesday, May 18th. Finally, Citigroup lifted their target price on shares of Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.82.
About Home Depot (Get Rating)
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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