Farmers Trust Co. Sells 467 Shares of Home Depot Inc (NYSE:HD)

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Farmers Trust Co. reduced its holdings in shares of Home Depot Inc (NYSE:HD) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 26,615 shares of the home improvement retailer’s stock after selling 467 shares during the period. Home Depot comprises about 1.5% of Farmers Trust Co.’s investment portfolio, making the stock its 18th biggest position. Farmers Trust Co.’s holdings in Home Depot were worth $5,812,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Enterprise Trust & Investment Co bought a new position in Home Depot during the third quarter valued at approximately $27,000. Belmont Capital LLC bought a new position in Home Depot during the fourth quarter valued at approximately $28,000. Julex Capital Management LLC bought a new position in Home Depot during the third quarter valued at approximately $29,000. Proffitt & Goodson Inc. grew its position in Home Depot by 106.2% during the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after acquiring an additional 69 shares during the last quarter. Finally, Financial Advantage Inc. bought a new position in Home Depot during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 69.87% of the company’s stock.

Shares of HD stock opened at $224.59 on Thursday. The stock has a fifty day moving average of $218.89 and a 200 day moving average of $222.23. Home Depot Inc has a 52 week low of $172.00 and a 52 week high of $239.31. The firm has a market capitalization of $243.05 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.97 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, hitting analysts’ consensus estimates of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The company had revenue of $27.22 billion during the quarter, compared to analyst estimates of $27.51 billion. During the same quarter last year, the firm posted $2.51 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts predict that Home Depot Inc will post 10.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, December 4th. Home Depot’s payout ratio is 55.01%.

A number of research analysts have commented on the stock. Bank of America reiterated a “hold” rating and set a $235.00 price target on shares of Home Depot in a research report on Wednesday, November 20th. Edward Jones lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada dropped their price objective on Home Depot from $246.00 to $232.00 and set an “outperform” rating for the company in a research note on Thursday, December 12th. Credit Suisse Group raised Home Depot from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $225.00 to $235.00 in a research note on Thursday, December 12th. Finally, Wolfe Research began coverage on Home Depot in a research note on Tuesday, October 8th. They set a “buy” rating and a $260.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $237.31.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the completion of the transaction, the executive vice president now owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total value of $23,968,980.32. Following the transaction, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. Insiders sold 126,552 shares of company stock valued at $26,765,281 in the last ninety days. 0.27% of the stock is currently owned by insiders.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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