Missouri Trust & Investment Co Decreases Position in The Home Depot, Inc. (NYSE:HD)

Missouri Trust & Investment Co cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,298 shares of the home improvement retailer’s stock after selling 25 shares during the period. Missouri Trust & Investment Co’s holdings in Home Depot were worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. WFA Asset Management Corp boosted its position in Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its position in shares of Home Depot by 5.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Home Depot by 31.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 9,125 shares of the home improvement retailer’s stock worth $3,501,000 after purchasing an additional 2,183 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its position in shares of Home Depot by 0.3% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 36,089 shares of the home improvement retailer’s stock worth $13,844,000 after purchasing an additional 114 shares in the last quarter. Finally, Hudson Value Partners LLC boosted its position in shares of Home Depot by 2.2% in the 1st quarter. Hudson Value Partners LLC now owns 9,536 shares of the home improvement retailer’s stock worth $3,658,000 after purchasing an additional 208 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.3 %

Shares of HD stock traded up $1.04 during trading on Tuesday, hitting $409.33. 1,145,460 shares of the stock traded hands, compared to its average volume of 3,363,173. The firm has a market capitalization of $406.58 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm’s fifty day moving average price is $395.99 and its 200-day moving average price is $364.77. The Home Depot, Inc. has a 52-week low of $287.24 and a 52-week high of $421.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the previous year, the company earned $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. 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%.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. Oppenheimer raised their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Finally, Sanford C. Bernstein assumed coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $422.81.

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.