Trust Investment Advisors Has $2.14 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Trust Investment Advisors increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,203 shares of the home improvement retailer’s stock after buying an additional 743 shares during the period. Home Depot accounts for approximately 1.4% of Trust Investment Advisors’ holdings, making the stock its 14th biggest holding. Trust Investment Advisors’ holdings in Home Depot were worth $2,135,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new stake in Home Depot in the fourth quarter worth about $27,000. Kings Path Partners LLC acquired a new stake in Home Depot in the second quarter worth about $33,000. Burkett Financial Services LLC bought a new stake in Home Depot during the 4th quarter worth about $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in shares of Home Depot in the 1st quarter valued at about $38,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Evercore ISI dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Loop Capital increased their price target on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Trading Up 1.7 %

NYSE HD opened at $390.39 on Friday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock’s 50 day moving average price is $364.35 and its two-hundred day moving average price is $354.38. The stock has a market capitalization of $387.12 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.65 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.