Pioneer Trust Bank N A OR Raises Stock Position in The Home Depot, Inc. (NYSE:HD)

Pioneer Trust Bank N A OR raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 710 shares of the home improvement retailer’s stock after buying an additional 43 shares during the period. Pioneer Trust Bank N A OR’s holdings in Home Depot were worth $276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Principal Financial Group Inc. boosted its holdings in shares of Home Depot by 10.7% in the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock worth $596,140,000 after buying an additional 141,915 shares during the last quarter. United Bank boosted its stake in shares of Home Depot by 4.2% during the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock worth $1,806,000 after acquiring an additional 181 shares during the last quarter. Morse Asset Management Inc grew its position in shares of Home Depot by 12.9% during the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer’s stock valued at $12,357,000 after acquiring an additional 3,493 shares during the period. Temasek Holdings Private Ltd increased its stake in shares of Home Depot by 24.2% in the 3rd quarter. Temasek Holdings Private Ltd now owns 114,449 shares of the home improvement retailer’s stock worth $46,375,000 after purchasing an additional 22,320 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in Home Depot in the 3rd quarter worth $30,714,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on HD. Wedbush restated an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Wells Fargo & Company increased their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Price Performance

NYSE:HD opened at $353.78 on Friday. The firm has a market capitalization of $351.67 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 4.03 and a beta of 1.08. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business has a 50 day simple moving average of $384.89 and a 200-day simple moving average of $398.15. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period in the previous year, the firm earned $2.82 earnings per share. Home Depot’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.60%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

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.