First National Trust Co Has $19.14 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

First National Trust Co cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,231 shares of the home improvement retailer’s stock after selling 2,777 shares during the quarter. Home Depot accounts for about 0.8% of First National Trust Co’s investment portfolio, making the stock its 27th largest holding. First National Trust Co’s holdings in Home Depot were worth $19,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in shares of Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after buying an additional 5,525,791 shares during the last quarter. Jennison Associates LLC lifted its stake in Home Depot by 38.4% in the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after acquiring an additional 1,207,388 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Home Depot in the third quarter worth approximately $207,210,000. Envestnet Asset Management Inc. increased its stake in shares of Home Depot by 20.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after purchasing an additional 421,619 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Home Depot by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock valued at $1,032,904,000 after purchasing an additional 346,641 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

NYSE HD traded up $7.32 during trading on Friday, reaching $342.85. 4,165,054 shares of the company traded hands, compared to its average volume of 3,606,830. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a market cap of $339.77 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01. The stock’s 50 day moving average price is $361.75 and its two-hundred day moving average price is $342.08. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.63%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Analyst Ratings Changes

Several research firms have commented on HD. Stifel Nicolaus increased their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. TD Cowen boosted their target price on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Royal Bank of Canada lifted their price target on shares of Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Truist Financial reaffirmed a “buy” rating and set a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.96.

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.