Fiduciary Trust Co Has $81.75 Million Position in The Home Depot, Inc. (NYSE:HD)

Fiduciary Trust Co reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 201,752 shares of the home improvement retailer’s stock after selling 315 shares during the quarter. Home Depot makes up about 1.1% of Fiduciary Trust Co’s portfolio, making the stock its 14th largest holding. Fiduciary Trust Co’s holdings in Home Depot were worth $81,750,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Home Depot by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 498,373 shares of the home improvement retailer’s stock valued at $201,941,000 after buying an additional 4,374 shares during the last quarter. Providence Capital Advisors LLC lifted its stake in shares of Home Depot by 0.8% in the third quarter. Providence Capital Advisors LLC now owns 21,574 shares of the home improvement retailer’s stock worth $8,742,000 after acquiring an additional 178 shares during the period. First Commonwealth Financial Corp PA boosted its holdings in Home Depot by 1.1% in the third quarter. First Commonwealth Financial Corp PA now owns 4,348 shares of the home improvement retailer’s stock valued at $1,762,000 after acquiring an additional 49 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Home Depot during the 3rd quarter valued at approximately $62,000. Finally, CreativeOne Wealth LLC raised its holdings in Home Depot by 16.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 20,342 shares of the home improvement retailer’s stock worth $8,242,000 after purchasing an additional 2,923 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Evercore ISI upped their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

NYSE HD opened at $427.32 on Thursday. The Home Depot, Inc. has a 1 year low of $308.59 and a 1 year high of $439.37. The firm has a market cap of $424.48 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.98 and a beta of 1.01. The company has a fifty day moving average price of $405.95 and a 200-day moving average price of $370.81. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the company earned $3.81 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.11%. Home Depot’s payout ratio is currently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.

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.