Colonial Trust Co SC Purchases 802 Shares of The Home Depot, Inc. (NYSE:HD)

Colonial Trust Co SC grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,656 shares of the home improvement retailer's stock after purchasing an additional 802 shares during the period. Home Depot makes up approximately 1.5% of Colonial Trust Co SC's holdings, making the stock its 9th biggest position. Colonial Trust Co SC's holdings in Home Depot were worth $10,369,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HD. Vanguard Group Inc. grew its stake in shares of Home Depot by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after purchasing an additional 257,036 shares during the period. Norges Bank bought a new position in Home Depot in the 4th quarter valued at about $5,032,910,000. Capital Research Global Investors increased its stake in Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after buying an additional 647,552 shares during the period. Finally, Northern Trust Corp raised its position in shares of Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after buying an additional 1,424,857 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and lifted their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Gordon Haskett lowered Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Guggenheim reaffirmed a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $430.12.

Home Depot Stock Down 0.6 %

Shares of HD stock opened at $359.58 on Wednesday. The stock has a 50 day moving average of $359.78 and a 200-day moving average of $389.58. The firm has a market cap of $357.43 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. On average, 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's payout ratio is 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.

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