First Western Trust Bank Sells 1,618 Shares of The Home Depot, Inc. (NYSE:HD)

First Western Trust Bank reduced its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,933 shares of the home improvement retailer’s stock after selling 1,618 shares during the period. Home Depot accounts for approximately 0.5% of First Western Trust Bank’s investment portfolio, making the stock its 21st biggest position. First Western Trust Bank’s holdings in Home Depot were worth $9,920,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BCK Partners Inc. bought a new position in shares of Home Depot in the 1st quarter worth about $2,933,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the 1st quarter valued at about $27,000. Ergoteles LLC acquired a new stake in shares of Home Depot in the 1st quarter valued at about $1,554,000. Equitable Holdings Inc. grew its stake in shares of Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after buying an additional 1,007 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after buying an additional 24,640 shares during the period. 68.34% of the stock is owned by institutional investors.

Home Depot Price Performance

HD traded up $0.16 during trading on Monday, reaching $307.43. The stock had a trading volume of 1,085,996 shares, compared to its average volume of 3,616,873. The stock has a market cap of $307.45 billion, a PE ratio of 19.72, a PEG ratio of 2.30 and a beta of 0.93. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.35 and a current ratio of 1.30. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $347.25. The business has a 50-day moving average of $298.63 and a 200-day moving average of $306.73.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.06. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The firm had revenue of $37.71 billion for the quarter, compared to analysts’ expectations of $37.59 billion. During the same period last year, the firm earned $4.24 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.05 EPS for the current fiscal year.

Home Depot announced that its Board of Directors has approved a stock buyback program on Tuesday, August 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a dividend of $2.09 per share. The ex-dividend date is Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.72%. Home Depot’s dividend payout ratio (DPR) is currently 53.66%.

Insider Activity

In related news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total value of $522,704.00. Following the sale, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at $2,705,319.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total value of $522,704.00. Following the sale, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at $2,705,319.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 12,120 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $325.40, for a total value of $3,943,848.00. Following the completion of the sale, the executive vice president now directly owns 73,049 shares in the company, valued at $23,770,144.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,186 shares of company stock valued at $6,862,827. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HD. Guggenheim cut their price target on Home Depot from $360.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Evercore ISI lifted their price target on Home Depot from $360.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Wedbush boosted their target price on Home Depot from $290.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 16th. Telsey Advisory Group restated a “market perform” rating and issued a $325.00 target price on shares of Home Depot in a research note on Wednesday, November 15th. Finally, Jefferies Financial Group boosted their target price on Home Depot from $370.00 to $384.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Twelve research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $339.57.

Get Our Latest Stock Report on Home Depot

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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