First National Bank of Mount Dora Trust Investment Services Grows Position in The Home Depot, Inc. (NYSE:HD)

First National Bank of Mount Dora Trust Investment Services increased its position in The Home Depot, Inc. (NYSE:HD) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,797 shares of the home improvement retailer’s stock after acquiring an additional 785 shares during the period. Home Depot makes up about 1.5% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 20th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Home Depot were worth $6,806,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at about $33,000. Denver PWM LLC purchased a new position in shares of Home Depot in the second quarter valued at $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot during the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $395.57 on Tuesday. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The company has a market cap of $392.92 billion, a PE ratio of 26.62, a P/E/G ratio of 2.72 and a beta of 1.01. The stock has a 50-day moving average of $392.94 and a 200-day moving average of $362.47. 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 released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.28%. Home Depot’s payout ratio is presently 60.57%.

Analyst Ratings Changes

Several brokerages have issued reports on HD. Guggenheim upped their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group increased their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. Oppenheimer raised their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $413.48.

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.