Trust Co of Kansas Buys 141 Shares of The Home Depot, Inc. (NYSE:HD)

Trust Co of Kansas grew its position in The Home Depot, Inc. (NYSE:HD) by 12.0% in the fourth quarter, Holdings Channel reports. The fund owned 1,318 shares of the home improvement retailer’s stock after acquiring an additional 141 shares during the quarter. Home Depot accounts for 0.2% of Trust Co of Kansas’ portfolio, making the stock its 27th largest holding. Trust Co of Kansas’ holdings in Home Depot were worth $513,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC increased its stake in shares of Home Depot by 19.3% in the second quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock valued at $13,121,000 after buying an additional 6,163 shares during the period. Pacer Advisors Inc. grew its holdings in Home Depot by 11.1% during the 2nd quarter. Pacer Advisors Inc. now owns 76,914 shares of the home improvement retailer’s stock worth $26,477,000 after acquiring an additional 7,702 shares during the last quarter. Sei Investments Co. increased its position in Home Depot by 4.0% in the 2nd quarter. Sei Investments Co. now owns 239,055 shares of the home improvement retailer’s stock valued at $82,293,000 after acquiring an additional 9,131 shares during the period. Kiely Wealth Advisory Group Inc. raised its stake in shares of Home Depot by 6.0% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 742 shares of the home improvement retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Home Depot by 35.9% during the second quarter. Summit Trail Advisors LLC now owns 17,438 shares of the home improvement retailer’s stock worth $6,003,000 after purchasing an additional 4,607 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.0 %

NYSE:HD opened at $409.42 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a market cap of $406.70 billion, a PE ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a 50-day moving average of $406.51 and a 200-day moving average of $387.45.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.81 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s payout ratio is 61.14%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. DA Davidson raised their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity

In related news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last quarter. Insiders own 0.10% of the company’s stock.

Home Depot 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.