CENTRAL TRUST Co increased its holdings in The Home Depot (NYSE:HD) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 139,228 shares of the home improvement retailer’s stock after buying an additional 1,517 shares during the period. The Home Depot accounts for approximately 1.6% of CENTRAL TRUST Co’s portfolio, making the stock its 7th largest holding. CENTRAL TRUST Co’s holdings in The Home Depot were worth $26,387,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Jackson Grant Investment Advisers Inc. raised its position in The Home Depot by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after purchasing an additional 7 shares in the last quarter. Mcdaniel Terry & Co. raised its position in The Home Depot by 0.5% during the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after purchasing an additional 9 shares in the last quarter. Cutter & CO Brokerage Inc. raised its position in The Home Depot by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock valued at $580,000 after purchasing an additional 10 shares in the last quarter. Fort Pitt Capital Group LLC raised its position in The Home Depot by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer’s stock valued at $528,000 after purchasing an additional 10 shares in the last quarter. Finally, Highland Private Wealth Management raised its position in The Home Depot by 1.7% during the second quarter. Highland Private Wealth Management now owns 1,635 shares of the home improvement retailer’s stock valued at $251,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 70.69% of the company’s stock.
In other news, Director Armando M. Codina acquired 6,650 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the transaction, the director now owns 42,300 shares in the company, valued at approximately $7,557,318. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Craig A. Menear sold 113,687 shares of The Home Depot stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the sale, the chief executive officer now directly owns 237,957 shares in the company, valued at $43,734,117.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,027 shares of company stock worth $31,220,882. Insiders own 0.25% of the company’s stock.
A number of research firms have weighed in on HD. Credit Suisse Group raised their price target on The Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Gabelli started coverage on The Home Depot in a research report on Wednesday. They set a “buy” rating and a $206.00 price target on the stock. Bank of America reaffirmed a “buy” rating and set a $190.60 price objective (down from $219.00) on shares of The Home Depot in a research note on Tuesday, February 20th. Zacks Investment Research cut The Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer reaffirmed a “buy” rating on shares of The Home Depot in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $194.45.
Shares of NYSE HD traded up $0.50 during trading hours on Thursday, hitting $173.36. The company’s stock had a trading volume of 3,395,827 shares, compared to its average volume of 5,317,401. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38. The stock has a market capitalization of $202,592.78, a PE ratio of 23.24, a PEG ratio of 1.39 and a beta of 1.15. The Home Depot has a 12 month low of $144.25 and a 12 month high of $207.60.
The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The company had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The Home Depot’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.44 earnings per share. equities research analysts anticipate that The Home Depot will post 9.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.38%. This is a boost from The Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, March 7th. The Home Depot’s payout ratio is presently 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.
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