The Home Depot, Inc. (NYSE:HD) Shares Sold by Somerset Trust Co

Somerset Trust Co trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,471 shares of the home improvement retailer’s stock after selling 29 shares during the period. Somerset Trust Co’s holdings in Home Depot were worth $3,432,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the second quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot during the first quarter worth about $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the fourth quarter valued at approximately $39,000. Finally, Denver PWM LLC acquired a new position in Home Depot in the second quarter valued at approximately $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Home Depot stock opened at $416.07 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a 50-day moving average price of $376.18 and a 200 day moving average price of $356.72. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $420.03. The stock has a market cap of $412.58 billion, a P/E ratio of 27.91, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm 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 business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.65 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.16%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HD. Oppenheimer lifted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Stifel Nicolaus cut their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Evercore ISI lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $402.38.

Home Depot Company 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.