Equitable Trust Co. Acquires 992 Shares of The Home Depot, Inc. (NYSE:HD)

Equitable Trust Co. grew its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,551 shares of the home improvement retailer’s stock after purchasing an additional 992 shares during the period. Equitable Trust Co.’s holdings in Home Depot were worth $7,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HD. DAGCO Inc. grew its stake in shares of Home Depot by 0.4% in the first quarter. DAGCO Inc. now owns 7,394 shares of the home improvement retailer’s stock valued at $2,276,000 after buying an additional 32 shares in the last quarter. Willow Creek Wealth Management Inc. boosted its holdings in Home Depot by 4.7% during the 4th quarter. Willow Creek Wealth Management Inc. now owns 736 shares of the home improvement retailer’s stock valued at $305,000 after acquiring an additional 33 shares during the period. Beam Wealth Advisors Inc. grew its position in Home Depot by 4.9% in the 1st quarter. Beam Wealth Advisors Inc. now owns 707 shares of the home improvement retailer’s stock valued at $212,000 after acquiring an additional 33 shares in the last quarter. Shaker Investments LLC OH increased its stake in Home Depot by 1.0% during the first quarter. Shaker Investments LLC OH now owns 3,330 shares of the home improvement retailer’s stock worth $997,000 after purchasing an additional 33 shares during the period. Finally, Atticus Wealth Management LLC boosted its stake in shares of Home Depot by 0.5% in the first quarter. Atticus Wealth Management LLC now owns 7,098 shares of the home improvement retailer’s stock valued at $2,125,000 after purchasing an additional 34 shares during the period. 68.66% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 5.0 %

Shares of NYSE HD opened at $282.19 on Thursday. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25. The firm’s 50-day moving average is $297.47 and its two-hundred day moving average is $298.16. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The company has a market capitalization of $288.89 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99.

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Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, topping the consensus estimate of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The company had revenue of $43.79 billion during the quarter, compared to the consensus estimate of $43.33 billion. During the same quarter last year, the business posted $4.53 earnings per share. Home Depot’s revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $1.90 per share. The ex-dividend date was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 46.71%.

Home Depot declared that its Board of Directors has authorized a stock repurchase program on Thursday, August 18th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to purchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on HD. Guggenheim raised their price target on shares of Home Depot from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. DA Davidson boosted their target price on Home Depot to $334.00 in a research note on Monday, August 22nd. MKM Partners initiated coverage on Home Depot in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 price target on the stock. Robert W. Baird boosted their price objective on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Finally, Wedbush upped their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $365.95.

Insider Activity

In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the transaction, the executive vice president now owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Matt Carey sold 12,650 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares in the company, valued at $10,917,927.72. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.