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

Trust Co. of Oklahoma lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,795 shares of the home improvement retailer’s stock after purchasing an additional 304 shares during the period. Home Depot accounts for about 1.0% of Trust Co. of Oklahoma’s portfolio, making the stock its 23rd largest holding. Trust Co. of Oklahoma’s holdings in Home Depot were worth $3,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter worth $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the first quarter worth $38,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the fourth quarter worth $39,000. Finally, Denver PWM LLC acquired a new position in Home Depot during the second quarter worth $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Melius Research assumed coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Truist Financial upped their price target on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Piper Sandler upped their price objective on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group started coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $404.69.

Home Depot Stock Performance

Shares of HD stock traded up $0.94 during mid-day trading on Tuesday, hitting $416.36. 1,733,728 shares of the stock were exchanged, compared to its average volume of 3,374,620. The stock’s fifty day simple moving average is $379.66 and its two-hundred day simple moving average is $357.15. The stock has a market capitalization of $412.87 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $421.56. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid 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 dividend payout ratio (DPR) is 60.36%.

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.