Nixon Peabody Trust Co. Has $5.39 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Nixon Peabody Trust Co. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,295 shares of the home improvement retailer’s stock after acquiring an additional 811 shares during the period. Nixon Peabody Trust Co.’s holdings in Home Depot were worth $5,387,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. WFA Asset Management Corp increased its stake in Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its position in Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares during the period. Edgestream Partners L.P. increased its holdings in Home Depot by 57.7% during the first quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer’s stock worth $1,115,000 after buying an additional 1,063 shares during the last quarter. Rockport Wealth LLC purchased a new position in Home Depot in the first quarter valued at about $372,000. Finally, PYA Waltman Capital LLC grew its position in shares of Home Depot by 5.3% during the 1st quarter. PYA Waltman Capital LLC now owns 9,136 shares of the home improvement retailer’s stock valued at $3,504,000 after acquiring an additional 462 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

NYSE HD traded up $0.74 on Monday, reaching $408.92. 195,727 shares of the company’s stock traded hands, compared to its average volume of 3,367,003. The stock has a market cap of $406.18 billion, a PE ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The stock has a 50-day simple moving average of $399.51 and a 200 day simple moving average of $366.81.

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

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction 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 represents a 51.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HD shares. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

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.