Trust Point Inc. Has $3.07 Million Stake in The Home Depot, Inc. (NYSE:HD)

Trust Point Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,885 shares of the home improvement retailer’s stock after purchasing an additional 429 shares during the quarter. Trust Point Inc.’s holdings in Home Depot were worth $3,067,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. AMF Tjanstepension AB increased its position in shares of Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after purchasing an additional 16,650 shares during the period. Czech National Bank boosted its stake in Home Depot by 7.0% during the third quarter. Czech National Bank now owns 202,002 shares of the home improvement retailer’s stock worth $81,851,000 after buying an additional 13,151 shares in the last quarter. SYM FINANCIAL Corp increased its holdings in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 289 shares during the period. Richard P Slaughter Associates Inc acquired a new position in shares of Home Depot in the 3rd quarter valued at $206,000. Finally, Greenfield Savings Bank lifted its holdings in shares of Home Depot by 0.5% during the 3rd quarter. Greenfield Savings Bank now owns 11,167 shares of the home improvement retailer’s stock worth $4,525,000 after acquiring an additional 61 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last three months. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.7 %

HD stock opened at $411.79 on Wednesday. The company’s 50 day moving average price is $407.47 and its two-hundred day moving average price is $393.07. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a market capitalization of $409.05 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 4.34 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Analyst Ratings Changes

Several research analysts recently issued reports on HD shares. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Truist Financial increased their target price on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. 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. Mizuho increased their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $426.00.

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.