Fiduciary Trust Co Sells 2,930 Shares of The Home Depot, Inc. (NYSE:HD)

Fiduciary Trust Co reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,822 shares of the home improvement retailer's stock after selling 2,930 shares during the quarter. Home Depot makes up 1.0% of Fiduciary Trust Co's investment portfolio, making the stock its 18th largest holding. Fiduciary Trust Co's holdings in Home Depot were worth $77,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Home Depot in the fourth quarter worth about $5,032,910,000. Raymond James Financial Inc. bought a new position in shares of Home Depot in the fourth quarter worth $2,212,546,000. Proficio Capital Partners LLC grew its holdings in Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after buying an additional 2,030,372 shares in the last quarter. Northern Trust Corp boosted its holdings in Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $471,189,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on HD. Truist Financial increased their target price on shares of Home Depot from $391.00 to $393.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Piper Sandler reduced their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $430.32.

Home Depot Stock Down 0.5%

NYSE HD traded down $1.93 during trading on Tuesday, reaching $374.66. The company's stock had a trading volume of 1,266,273 shares, compared to its average volume of 3,434,113. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a 50-day moving average price of $358.02 and a 200-day moving average price of $388.50. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $372.42 billion, a PE ratio of 25.45, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the firm earned $2.82 EPS. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.46%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio is presently 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.