The Home Depot, Inc. (NYSE:HD) is First National Bank & Trust Co. of Newtown’s 9th Largest Position

First National Bank & Trust Co. of Newtown decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,641 shares of the home improvement retailer’s stock after selling 490 shares during the period. Home Depot comprises approximately 1.9% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 9th largest position. First National Bank & Trust Co. of Newtown’s holdings in Home Depot were worth $9,515,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bare Financial Services Inc purchased a new stake in Home Depot during the 4th quarter worth about $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $38,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot during the 1st quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Evercore ISI decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Wedbush restated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $386.33.

Home Depot Price Performance

NYSE HD traded down $4.85 during mid-day trading on Thursday, hitting $365.61. The stock had a trading volume of 4,095,976 shares, compared to its average volume of 3,443,302. The company has a 50 day simple moving average of $352.51 and a 200 day simple moving average of $353.44. The company has a market cap of $362.54 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter last year, the business posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.46%. Home Depot’s dividend payout ratio is presently 60.36%.

Home Depot Company 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.