Trust Co. of Vermont Grows Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jun 20th, 2023

Trust Co. of Vermont increased its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,267 shares of the home improvement retailer’s stock after acquiring an additional 1,310 shares during the quarter. Home Depot comprises approximately 1.0% of Trust Co. of Vermont’s holdings, making the stock its 23rd biggest position. Trust Co. of Vermont’s holdings in Home Depot were worth $14,835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Adirondack Retirement Specialists Inc. grew its holdings in Home Depot by 225.4% during the 1st quarter. Adirondack Retirement Specialists Inc. now owns 218 shares of the home improvement retailer’s stock valued at $64,000 after buying an additional 151 shares in the last quarter. Monterey Private Wealth Inc. grew its holdings in Home Depot by 14.2% during the 1st quarter. Monterey Private Wealth Inc. now owns 1,708 shares of the home improvement retailer’s stock valued at $504,000 after buying an additional 213 shares in the last quarter. Bangor Savings Bank grew its holdings in Home Depot by 1.3% during the 1st quarter. Bangor Savings Bank now owns 3,723 shares of the home improvement retailer’s stock valued at $1,099,000 after buying an additional 48 shares in the last quarter. Peterson Wealth Advisors LLC grew its holdings in Home Depot by 2.0% during the 1st quarter. Peterson Wealth Advisors LLC now owns 2,388 shares of the home improvement retailer’s stock valued at $705,000 after buying an additional 47 shares in the last quarter. Finally, Tradewinds LLC. purchased a new stake in Home Depot during the 1st quarter valued at approximately $351,000. 69.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total transaction of $440,221.18. Following the sale, the executive vice president now owns 13,958 shares in the company, valued at $4,090,950.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Home Depot from $352.00 to $318.00 in a report on Wednesday, May 17th. Wedbush cut their target price on shares of Home Depot from $300.00 to $290.00 in a report on Wednesday, May 17th. Robert W. Baird raised their target price on shares of Home Depot from $310.00 to $330.00 in a report on Tuesday, June 13th. 92 Resources reissued a “maintains” rating on shares of Home Depot in a report on Wednesday, May 17th. Finally, Roth Mkm cut their target price on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.43.

Home Depot Price Performance

HD opened at $300.38 on Tuesday. The business’s 50-day moving average is $293.93 and its two-hundred day moving average is $304.03. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The firm has a market capitalization of $302.00 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The company had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. During the same quarter in the previous year, the firm earned $4.09 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.78%. Home Depot’s payout ratio is 50.94%.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. 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.