The Home Depot, Inc. (NYSE:HD) is Argent Trust Co’s 9th Largest Position

Argent Trust Co boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 96,364 shares of the home improvement retailer’s stock after buying an additional 1,168 shares during the period. Home Depot makes up approximately 1.5% of Argent Trust Co’s investment portfolio, making the stock its 9th largest position. Argent Trust Co’s holdings in Home Depot were worth $33,172,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HD. Fairway Wealth LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at about $27,000. Kings Path Partners LLC acquired a new position in Home Depot in the 2nd quarter worth about $33,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot during the 4th quarter worth about $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot during the 1st quarter valued at about $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of NYSE HD opened at $383.46 on Wednesday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The business has a fifty day simple moving average of $362.82 and a 200 day simple moving average of $353.92. The firm has a market capitalization of $380.24 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the company posted $4.65 EPS. The business’s revenue was up .6% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Loop Capital upped their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada lowered their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

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.