FARMERS & MERCHANTS TRUST Co OF LONG BEACH Raises Holdings in The Home Depot, Inc. (NYSE:HD)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in The Home Depot, Inc. (NYSE:HD) by 24.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,792 shares of the home improvement retailer’s stock after purchasing an additional 954 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Home Depot were worth $1,574,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HD. KB Financial Partners LLC purchased a new position in shares of Home Depot during the 1st quarter worth $29,000. Activest Wealth Management acquired a new position in Home Depot in the second quarter valued at about $34,000. Atlas Capital Advisors LLC lifted its position in Home Depot by 38.5% in the second quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock valued at $42,000 after buying an additional 37 shares during the last quarter. Lake Point Wealth Management purchased a new position in Home Depot during the second quarter worth about $69,000. Finally, Harvest Group Wealth Management LLC acquired a new stake in shares of Home Depot during the second quarter valued at about $71,000. Institutional investors own 69.35% of the company’s stock.

In related news, EVP Teresa Wynn Roseborough sold 18,878 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $395.19, for a total transaction of $7,460,396.82. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 14,544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $392.83, for a total transaction of $5,713,319.52. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

A number of research firms recently weighed in on HD. Telsey Advisory Group increased their price objective on shares of Home Depot from $390.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, November 12th. Evercore ISI raised their price target on Home Depot from $385.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 17th. Raymond James lifted their price objective on Home Depot from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, November 12th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $376.00 price objective on the stock in a report on Tuesday, October 19th. Finally, Truist Securities raised their target price on Home Depot from $325.00 to $420.00 and gave the company a “hold” rating in a report on Wednesday, November 17th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Buy” and an average target price of $406.17.

NYSE HD traded up $3.74 on Thursday, hitting $412.11. 2,676,339 shares of the stock were exchanged, compared to its average volume of 3,788,675. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a fifty-two week low of $246.59 and a fifty-two week high of $416.56. The company has a market cap of $434.92 billion, a PE ratio of 27.55, a PEG ratio of 2.18 and a beta of 1.00. The company has a 50-day moving average price of $358.68 and a 200-day moving average price of $334.77.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 16th. The home improvement retailer reported $3.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $0.51. The business had revenue of $36.82 billion during the quarter, compared to analysts’ expectations of $34.87 billion. Home Depot had a net margin of 10.79% and a return on equity of 786.90%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.18 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 16th. Shareholders of record on Thursday, December 2nd will be paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, December 1st. Home Depot’s dividend payout ratio is presently 44.12%.

Home Depot Company Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Featured Story: Net Margin – Understanding the Different Kinds of Profit

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.