Trust Co. of Toledo NA OH Acquires 395 Shares of The Home Depot, Inc. (NYSE:HD)


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Trust Co. of Toledo NA OH raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% in the first quarter, HoldingsChannel reports. The firm owned 12,480 shares of the home improvement retailer’s stock after buying an additional 395 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in The Home Depot were worth $3,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of The Home Depot in the 4th quarter worth approximately $3,153,816,000. Morgan Stanley raised its position in shares of The Home Depot by 10.6% in the 4th quarter. Morgan Stanley now owns 11,028,573 shares of the home improvement retailer’s stock worth $2,929,410,000 after acquiring an additional 1,058,223 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of The Home Depot by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,142,046 shares of the home improvement retailer’s stock worth $1,631,450,000 after acquiring an additional 1,011,984 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of The Home Depot by 11.8% in the 4th quarter. Alliancebernstein L.P. now owns 9,402,719 shares of the home improvement retailer’s stock worth $2,497,550,000 after acquiring an additional 991,241 shares in the last quarter. Finally, Flossbach Von Storch AG raised its position in shares of The Home Depot by 152.9% in the 4th quarter. Flossbach Von Storch AG now owns 894,230 shares of the home improvement retailer’s stock worth $237,525,000 after acquiring an additional 540,700 shares in the last quarter. 68.71% of the stock is owned by institutional investors and hedge funds.

NYSE:HD traded up $1.76 on Thursday, reaching $314.23. 108,564 shares of the company’s stock traded hands, compared to its average volume of 4,696,611. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The stock has a 50-day simple moving average of $280.49 and a 200-day simple moving average of $276.00. The firm has a market cap of $338.30 billion, a PE ratio of 27.03, a P/E/G ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a 12 month low of $191.54 and a 12 month high of $315.94.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.02. The business had revenue of $32.26 billion for the quarter, compared to analysts’ expectations of $27.10 billion. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. On average, equities analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were issued a dividend of $1.65 per share. The ex-dividend date of this dividend was Wednesday, March 10th. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.10%. The Home Depot’s dividend payout ratio (DPR) is currently 64.39%.

Several research analysts have recently issued reports on the company. Citigroup initiated coverage on The Home Depot in a research report on Monday, March 15th. They issued a “buy” rating and a $288.00 target price for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price objective for the company. Credit Suisse Group reaffirmed a “buy” rating and set a $319.00 price objective on shares of The Home Depot in a research report on Thursday, March 25th. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective for the company in a research report on Wednesday, January 13th. Finally, Zelman & Associates raised The Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Five equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $299.32.

The Home Depot 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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