The Home Depot, Inc. (NYSE:HD) Shares Bought by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas increased its holdings in The Home Depot, Inc. (NYSE:HD) by 10.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,320 shares of the home improvement retailer’s stock after buying an additional 1,670 shares during the period. Home Depot accounts for about 1.7% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 18th biggest position. Community Bank & Trust Waco Texas’ holdings in Home Depot were worth $6,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Optas LLC raised its position in Home Depot by 1.7% during the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock valued at $607,000 after buying an additional 29 shares during the period. Harvest Investment Advisors LLC raised its position in Home Depot by 0.8% during the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after buying an additional 30 shares during the period. Armstrong Henry H Associates Inc. raised its position in Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after buying an additional 30 shares during the period. CGC Financial Services LLC raised its position in Home Depot by 4.3% during the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock valued at $250,000 after buying an additional 30 shares during the period. Finally, Independent Investors Inc. raised its position in Home Depot by 0.5% during the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock valued at $2,097,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 1.1 %

Shares of NYSE HD traded up $3.74 during mid-day trading on Tuesday, hitting $339.85. The company had a trading volume of 1,937,116 shares, compared to its average volume of 3,328,468. The company has a market capitalization of $336.80 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The firm has a 50-day simple moving average of $366.77 and a two-hundred day simple moving average of $340.19. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter last year, the company posted $3.30 earnings per share. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.65%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. DA Davidson restated a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. The Goldman Sachs Group boosted their target price on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Evercore ISI lowered their target price on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. HSBC reiterated a “reduce” rating and set a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada boosted their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

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.