Town & Country Bank & Trust CO dba First Bankers Trust CO Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,274 shares of the home improvement retailer’s stock after selling 232 shares during the quarter. Home Depot accounts for 2.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 9th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Home Depot were worth $5,784,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Abacus Wealth Partners LLC increased its holdings in shares of Home Depot by 3.7% in the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after buying an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of Home Depot by 0.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock valued at $1,469,000 after purchasing an additional 25 shares during the last quarter. Ruedi Wealth Management Inc. grew its holdings in shares of Home Depot by 1.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 27 shares during the last quarter. Acorn Creek Capital LLC grew its holdings in shares of Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after purchasing an additional 28 shares during the last quarter. Finally, Talisman Wealth Advisors LLC grew its holdings in shares of Home Depot by 1.2% during the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Truist Financial increased their target price on shares of Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Piper Sandler increased their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $404.69.

Home Depot Trading Up 0.7 %

Shares of NYSE HD opened at $418.61 on Thursday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56. The stock has a market cap of $415.10 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The firm has a 50-day moving average of $382.42 and a 200 day moving average of $357.80. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the company posted $4.65 EPS. Home Depot’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.15%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.