The Home Depot, Inc. (NYSE:HD) Shares Acquired by Town & Country Bank & Trust CO dba First Bankers Trust CO

Posted by Defense World Staff on Jun 25th, 2023

Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,968 shares of the home improvement retailer’s stock after purchasing an additional 85 shares during the period. Home Depot makes up approximately 2.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 11th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Home Depot were worth $4,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Teamwork Financial Advisors LLC boosted its position in Home Depot by 1.4% during the 4th quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock valued at $729,000 after purchasing an additional 31 shares during the period. Retirement Planning Co of New England Inc. boosted its position in Home Depot by 0.5% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 5,769 shares of the home improvement retailer’s stock worth $1,822,000 after acquiring an additional 31 shares during the period. Summit Asset Management LLC boosted its position in Home Depot by 0.9% during the 4th quarter. Summit Asset Management LLC now owns 3,491 shares of the home improvement retailer’s stock worth $1,103,000 after acquiring an additional 31 shares during the period. Insight Wealth Strategies LLC boosted its position in Home Depot by 0.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock worth $1,830,000 after acquiring an additional 32 shares during the period. Finally, Monterey Private Wealth Inc. boosted its position in Home Depot by 2.2% during the 4th quarter. Monterey Private Wealth Inc. now owns 1,495 shares of the home improvement retailer’s stock worth $472,000 after acquiring an additional 32 shares during the period. 69.91% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.1 %

NYSE:HD opened at $300.81 on Friday. The firm has a market capitalization of $302.43 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.93 and a beta of 0.93. The Home Depot, Inc. has a 1-year low of $265.61 and a 1-year high of $347.25. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The business’s fifty day moving average price is $294.65 and its 200 day moving average price is $303.57.

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

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In other Home Depot 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 value of $440,221.18. Following the transaction, the executive vice president now owns 13,958 shares in the company, valued at $4,090,950.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Telsey Advisory Group reduced their price target on Home Depot from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, May 17th. TheStreet lowered Home Depot from a “b” rating to a “c+” rating in a research report on Tuesday, May 16th. Robert W. Baird boosted their price objective on Home Depot from $310.00 to $330.00 in a research note on Tuesday, June 13th. Guggenheim dropped their price objective on Home Depot from $335.00 to $320.00 in a research note on Wednesday, May 17th. Finally, Loop Capital boosted their price objective on Home Depot from $280.00 to $300.00 in a research note on Wednesday, June 14th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $323.43.

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.