Trust Investment Advisors Has $1.95 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Trust Investment Advisors cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,629 shares of the home improvement retailer’s stock after selling 82 shares during the period. Home Depot accounts for about 1.5% of Trust Investment Advisors’ investment portfolio, making the stock its 12th biggest holding. Trust Investment Advisors’ holdings in Home Depot were worth $1,951,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of HD. AIA Group Ltd lifted its position in shares of Home Depot by 0.3% in the fourth quarter. AIA Group Ltd now owns 130,305 shares of the home improvement retailer’s stock valued at $45,157,000 after buying an additional 412 shares during the last quarter. Smead Capital Management Inc. lifted its position in shares of Home Depot by 0.7% in the fourth quarter. Smead Capital Management Inc. now owns 453,225 shares of the home improvement retailer’s stock valued at $157,065,000 after buying an additional 3,170 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Home Depot by 6.9% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 15,518 shares of the home improvement retailer’s stock valued at $5,363,000 after buying an additional 1,000 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $8,239,000. Finally, Twin Capital Management Inc. lifted its position in shares of Home Depot by 616.9% in the fourth quarter. Twin Capital Management Inc. now owns 8,933 shares of the home improvement retailer’s stock valued at $3,096,000 after buying an additional 7,687 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Stifel Nicolaus lifted their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. HSBC reissued a “reduce” rating and set a $323.00 price target on shares of Home Depot in a report on Wednesday, April 3rd. TD Cowen lifted their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Up 0.7 %

Shares of HD opened at $335.36 on Friday. The company has a market capitalization of $332.35 billion, a PE ratio of 22.21, a PEG ratio of 2.22 and a beta of 0.98. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock’s 50-day moving average price is $367.36 and its two-hundred day moving average price is $339.21. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is currently 59.60%.

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.