Perkins Coie Trust Co Has $7.97 Million Position in The Home Depot, Inc. (NYSE:HD)

Perkins Coie Trust Co trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,501 shares of the home improvement retailer’s stock after selling 618 shares during the quarter. Home Depot comprises 1.8% of Perkins Coie Trust Co’s portfolio, making the stock its 14th biggest holding. Perkins Coie Trust Co’s holdings in Home Depot were worth $7,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stillwater Capital Advisors LLC grew its position in shares of Home Depot by 1.0% during the 4th quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer’s stock worth $19,760,000 after buying an additional 497 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of Home Depot by 11.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 8,066 shares of the home improvement retailer’s stock worth $3,137,000 after buying an additional 814 shares during the period. Sandy Cove Advisors LLC grew its position in shares of Home Depot by 8.9% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,903 shares of the home improvement retailer’s stock worth $740,000 after buying an additional 156 shares during the period. Bowman & Co S.C. grew its position in shares of Home Depot by 1.1% during the 4th quarter. Bowman & Co S.C. now owns 8,877 shares of the home improvement retailer’s stock worth $3,455,000 after buying an additional 97 shares during the period. Finally, Moss Adams Wealth Advisors LLC grew its position in shares of Home Depot by 1.9% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 7,027 shares of the home improvement retailer’s stock worth $2,733,000 after buying an additional 130 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s 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 transaction, the executive vice president now directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

HD opened at $409.42 on Tuesday. The firm has a market cap of $406.70 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. 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 business’s fifty day moving average is $406.51 and its 200-day moving average is $388.20.

Home Depot (NYSE:HD) last released 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. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $3.81 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Evercore ISI boosted their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.