First National Trust Co Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

First National Trust Co lowered its stake in The Home Depot, Inc. (NYSE:HD) by 2.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 60,362 shares of the home improvement retailer’s stock after selling 1,254 shares during the period. Home Depot makes up approximately 0.9% of First National Trust Co’s portfolio, making the stock its 24th largest position. First National Trust Co’s holdings in Home Depot were worth $24,459,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new stake in Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the third quarter worth $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot in the second quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC increased its stake in Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $455.00 in a research note on Friday. Evercore ISI lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. UBS Group boosted their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $422.81.

Home Depot Stock Performance

Shares of NYSE HD opened at $408.29 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 12-month low of $287.24 and a 12-month high of $421.56. The stock has a 50 day simple moving average of $395.19 and a 200-day simple moving average of $364.23. The company has a market cap of $405.55 billion, a PE ratio of 27.48, a P/E/G ratio of 2.81 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) 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 analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the company posted $4.65 EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is 60.57%.

Home Depot 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.