The Home Depot, Inc. (NYSE:HD) Shares Purchased by Trust Co. of Oklahoma

Trust Co. of Oklahoma boosted its position in The Home Depot, Inc. (NYSE:HD) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,795 shares of the home improvement retailer’s stock after purchasing an additional 304 shares during the period. Home Depot comprises approximately 1.0% of Trust Co. of Oklahoma’s holdings, making the stock its 23rd largest position. Trust Co. of Oklahoma’s holdings in Home Depot were worth $3,159,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Texas Capital Bank Wealth Management Services Inc lifted its position in Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock valued at $9,348,000 after purchasing an additional 5,879 shares during the period. Empirical Finance LLC lifted its position in shares of Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after acquiring an additional 1,195 shares during the period. Commonwealth Retirement Investments LLC lifted its position in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after acquiring an additional 965 shares during the period. Leeward Financial Partners LLC lifted its position in shares of Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after acquiring an additional 711 shares during the period. Finally, Johnson & White Wealth Management LLC lifted its position in shares of Home Depot by 6.2% during the 1st quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer’s stock valued at $1,611,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.2 %

Shares of NYSE:HD traded up $0.94 during midday trading on Tuesday, hitting $416.36. 1,733,728 shares of the company’s stock traded hands, compared to its average volume of 3,374,620. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a market cap of $412.87 billion, a PE ratio of 28.19, a P/E/G ratio of 2.88 and a beta of 1.00. The firm’s fifty day moving average price is $379.66 and its two-hundred day moving average price is $357.15. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.65 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. Home Depot’s payout ratio is 60.36%.

Analyst Ratings Changes

HD has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada reduced their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. Piper Sandler lifted their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $404.69.

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.