Trust Co. of Oklahoma Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Trust Co. of Oklahoma lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 7,837 shares of the home improvement retailer’s stock after acquiring an additional 42 shares during the period. Home Depot accounts for 1.0% of Trust Co. of Oklahoma’s portfolio, making the stock its 23rd biggest holding. Trust Co. of Oklahoma’s holdings in Home Depot were worth $3,049,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Market Street Wealth Management Advisors LLC increased its position in Home Depot by 6.3% during the fourth quarter. Market Street Wealth Management Advisors LLC now owns 678 shares of the home improvement retailer’s stock valued at $264,000 after acquiring an additional 40 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC increased its position in Home Depot by 16.2% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,158 shares of the home improvement retailer’s stock valued at $840,000 after acquiring an additional 301 shares during the last quarter. Whalen Wealth Management Inc. increased its position in Home Depot by 39.1% during the fourth quarter. Whalen Wealth Management Inc. now owns 1,376 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 387 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its position in Home Depot by 1.4% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 79,556 shares of the home improvement retailer’s stock valued at $30,947,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in Home Depot during the fourth quarter valued at $120,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.0 %

Shares of HD stock opened at $414.53 on Friday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 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. The stock’s 50 day simple moving average is $407.01 and its two-hundred day simple moving average is $389.64. The company has a market cap of $411.77 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HD. Mizuho upped their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Finally, DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.