Somerset Trust Co Cuts Position in The Home Depot, Inc. (NYSE:HD)

Somerset Trust Co lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,320 shares of the home improvement retailer’s stock after selling 151 shares during the quarter. Somerset Trust Co’s holdings in Home Depot were worth $3,236,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Intech Investment Management LLC lifted its stake in Home Depot by 19.3% in the 2nd quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock valued at $13,121,000 after buying an additional 6,163 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Home Depot by 11.1% during the second quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock valued at $26,477,000 after acquiring an additional 7,702 shares during the last quarter. Sei Investments Co. lifted its position in shares of Home Depot by 4.0% in the second quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer’s stock valued at $82,293,000 after acquiring an additional 9,131 shares in the last quarter. Kiely Wealth Advisory Group Inc. boosted its stake in shares of Home Depot by 6.0% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 742 shares of the home improvement retailer’s stock worth $258,000 after acquiring an additional 42 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its position in shares of Home Depot by 35.9% during the second quarter. Summit Trail Advisors LLC now owns 17,438 shares of the home improvement retailer’s stock worth $6,003,000 after purchasing an additional 4,607 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the topic of several recent research reports. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Up 0.0 %

Shares of NYSE HD opened at $409.42 on Friday. The stock has a fifty day simple moving average of $406.51 and a 200-day simple moving average of $387.45. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $406.70 billion, a PE ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.81 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by company insiders.

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.