First American Bank Has $20.94 Million Position in The Home Depot, Inc. (NYSE:HD)

First American Bank lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,841 shares of the home improvement retailer’s stock after buying an additional 668 shares during the period. Home Depot makes up approximately 1.5% of First American Bank’s portfolio, making the stock its 16th largest position. First American Bank’s holdings in Home Depot were worth $20,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its holdings in Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after acquiring an additional 16,650 shares during the period. SYM FINANCIAL Corp boosted its holdings in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares in the last quarter. Wealth Group Ltd. bought a new stake in shares of Home Depot in the 3rd quarter valued at approximately $217,000. Swedbank AB boosted its stake in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares in the last quarter. Finally, Hedeker Wealth LLC raised its stake in shares of Home Depot by 0.9% in the third quarter. Hedeker Wealth LLC now owns 4,868 shares of the home improvement retailer’s stock valued at $1,972,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Wednesday. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Guggenheim reiterated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $356.00 to $410.00 in a report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Stock Performance

Shares of HD stock opened at $390.44 on Friday. The stock has a market cap of $387.85 billion, a P/E ratio of 26.52, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a fifty day moving average price of $401.27 and a two-hundred day moving average price of $398.37. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the company posted $2.82 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.36%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is currently 61.66%.

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.