First National Trust Co boosted its holdings in shares of Home Depot Inc (NYSE:HD) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,256 shares of the home improvement retailer’s stock after acquiring an additional 3,057 shares during the quarter. Home Depot accounts for about 1.4% of First National Trust Co’s investment portfolio, making the stock its 12th largest holding. First National Trust Co’s holdings in Home Depot were worth $13,126,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Jacobi Capital Management LLC raised its stake in shares of Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Burt Wealth Advisors raised its stake in shares of Home Depot by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Home Depot by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares in the last quarter. Empire Life Investments Inc. raised its stake in shares of Home Depot by 233.4% in the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after acquiring an additional 670 shares in the last quarter. Finally, Glassman Wealth Services raised its stake in shares of Home Depot by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.
In related news, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total value of $20,894,533.73. Following the completion of the sale, the chief executive officer now owns 237,957 shares in the company, valued at $43,734,117.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total value of $3,308,071.20. Following the completion of the sale, the executive vice president now owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock valued at $31,220,882 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.
Shares of Home Depot Inc (NYSE:HD) opened at $178.35 on Wednesday. The company has a market capitalization of $208,270.00, a PE ratio of 24.10, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. Home Depot Inc has a fifty-two week low of $144.25 and a fifty-two week high of $207.60.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The business had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. equities analysts expect that Home Depot Inc will post 9.44 EPS for the current fiscal year.
Home Depot announced that its board has approved a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, March 7th. This is an increase from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is currently 55.68%.
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About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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