First National Trust Co trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,362 shares of the home improvement retailer’s stock after selling 1,254 shares during the quarter. Home Depot accounts for 0.9% of First National Trust Co’s holdings, making the stock its 24th largest holding. First National Trust Co’s holdings in Home Depot were worth $24,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc lifted its holdings in Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after buying an additional 5,879 shares during the last quarter. Pegasus Asset Management Inc. raised its position in shares of Home Depot by 1.8% during the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock worth $2,024,000 after acquiring an additional 86 shares in the last quarter. Swedbank AB boosted its holdings in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares in the last quarter. LGT Group Foundation boosted its holdings in Home Depot by 121.0% in the second quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer’s stock valued at $92,727,000 after purchasing an additional 147,482 shares in the last quarter. Finally, CX Institutional raised its holdings in Home Depot by 225.6% during the third quarter. CX Institutional now owns 32,717 shares of the home improvement retailer’s stock worth $13,257,000 after purchasing an additional 22,668 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented on HD. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday. TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Piper Sandler increased their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $422.81.
Home Depot Stock Performance
NYSE:HD opened at $408.29 on Tuesday. The firm’s fifty day simple moving average is $395.19 and its 200-day simple moving average is $364.23. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The stock has a market cap of $405.55 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $287.24 and a fifty-two week high of $421.56.
Home Depot (NYSE:HD – Get Free Report) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.57%.
Home Depot Company 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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