First National Trust Co Has $19.14 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

First National Trust Co lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,231 shares of the home improvement retailer’s stock after selling 2,777 shares during the quarter. Home Depot makes up 0.8% of First National Trust Co’s holdings, making the stock its 27th biggest holding. First National Trust Co’s holdings in Home Depot were worth $19,140,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bare Financial Services Inc acquired a new position in Home Depot in the 4th quarter valued at approximately $26,000. Keener Financial Planning LLC acquired a new stake in Home Depot in the fourth quarter valued at $31,000. PFG Private Wealth Management LLC raised its position in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new position in Home Depot during the 4th quarter worth about $35,000. Finally, Briaud Financial Planning Inc acquired a new position in Home Depot during the 3rd quarter worth about $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HD. HSBC restated a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research report on Wednesday, April 3rd. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Telsey Advisory Group lifted their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research note on Monday, April 1st. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday. Finally, Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $375.96.

Home Depot Stock Up 2.2 %

HD stock traded up $7.32 during mid-day trading on Friday, reaching $342.85. 4,165,054 shares of the company traded hands, compared to its average volume of 3,606,830. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The firm’s 50 day moving average price is $361.75 and its 200 day moving average price is $342.08. The stock has a market cap of $339.77 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 earnings per share. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.63%. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

About Home Depot

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.