CENTRAL TRUST Co boosted its position in The Home Depot Inc. (NYSE:HD) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,702 shares of the home improvement retailer’s stock after buying an additional 3,014 shares during the period. The Home Depot makes up 1.1% of CENTRAL TRUST Co’s portfolio, making the stock its 18th largest position. CENTRAL TRUST Co’s holdings in The Home Depot were worth $15,157,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. First PREMIER Bank increased its stake in shares of The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock worth $113,000 after buying an additional 200 shares during the period. Proficio Capital Partners LLC increased its stake in shares of The Home Depot by 23.7% in the second quarter. Proficio Capital Partners LLC now owns 1,131 shares of the home improvement retailer’s stock worth $156,000 after buying an additional 217 shares during the period. Alexandria Capital LLC increased its stake in shares of The Home Depot by 1.8% in the second quarter. Alexandria Capital LLC now owns 1,250 shares of the home improvement retailer’s stock worth $160,000 after buying an additional 22 shares during the period. First New York Securities LLC NY bought a new stake in shares of The Home Depot during the second quarter worth approximately $176,000. Finally, RPg Family Wealth Advisory LLC increased its stake in shares of The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock worth $187,000 after buying an additional 654 shares during the period. Hedge funds and other institutional investors own 71.86% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) traded up 1.41% on Thursday, reaching $129.38. 3,061,438 shares of the company’s stock were exchanged. The Home Depot Inc. has a 12 month low of $109.62 and a 12 month high of $139.00. The company has a market cap of $159.86 billion, a price-to-earnings ratio of 21.90 and a beta of 0.97. The firm’s 50-day moving average price is $130.70 and its 200 day moving average price is $132.58.
The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The firm earned $26.47 billion during the quarter, compared to analysts’ expectations of $26.47 billion. During the same period in the prior year, the company posted $1.71 EPS. The company’s revenue was up 6.6% on a year-over-year basis. Equities research analysts predict that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, August 30th. The Home Depot’s dividend payout ratio (DPR) is currently 46.54%.
A number of brokerages have recently commented on HD. Stifel Nicolaus began coverage on The Home Depot in a research report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price objective for the company. Wedbush reiterated a “neutral” rating and set a $140.00 price objective (down previously from $145.00) on shares of The Home Depot in a research report on Tuesday, August 16th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $142.00 price objective on shares of The Home Depot in a research report on Tuesday, August 16th. Zacks Investment Research downgraded The Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Royal Bank Of Canada boosted their target price on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The Home Depot currently has an average rating of “Buy” and a consensus target price of $146.86.
In other news, EVP Teresa Wynn Roseborough sold 11,671 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $136.03, for a total transaction of $1,587,606.13. Following the completion of the sale, the executive vice president now directly owns 44,107 shares in the company, valued at $5,999,875.21. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Matt Carey sold 29,357 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the sale, the executive vice president now owns 88,872 shares of the company’s stock, valued at $12,109,698.72. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.
The Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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