St. Louis Trust Co Has $267,000 Stake in The Home Depot, Inc. (NYSE:HD)

St. Louis Trust Co reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 45.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660 shares of the home improvement retailer’s stock after selling 539 shares during the period. St. Louis Trust Co’s holdings in Home Depot were worth $267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp grew its position in shares of Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after purchasing an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after purchasing an additional 623 shares during the period. Edgestream Partners L.P. grew its holdings in Home Depot by 57.7% in the 1st quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer’s stock valued at $1,115,000 after buying an additional 1,063 shares during the last quarter. MQS Management LLC increased its position in Home Depot by 400.5% in the 1st quarter. MQS Management LLC now owns 3,028 shares of the home improvement retailer’s stock worth $1,162,000 after buying an additional 2,423 shares during the period. Finally, Crewe Advisors LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $1,906,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.6 %

Shares of HD opened at $410.44 on Tuesday. The stock has a fifty day moving average price of $400.41 and a two-hundred day moving average price of $367.33. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $407.69 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56.

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

Home Depot Dividend Announcement

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 2.19%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

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.