Fiduciary Trust Co Has $77.34 Million Stake in The Home Depot, Inc. (NYSE:HD)

Fiduciary Trust Co reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,822 shares of the home improvement retailer’s stock after selling 2,930 shares during the period. Home Depot comprises about 1.0% of Fiduciary Trust Co’s investment portfolio, making the stock its 18th largest holding. Fiduciary Trust Co’s holdings in Home Depot were worth $77,340,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Fred Alger Management LLC increased its position in shares of Home Depot by 3.4% during the 4th quarter. Fred Alger Management LLC now owns 43,515 shares of the home improvement retailer’s stock worth $16,927,000 after purchasing an additional 1,450 shares during the last quarter. Family Management Corp increased its holdings in Home Depot by 3.2% during the fourth quarter. Family Management Corp now owns 19,112 shares of the home improvement retailer’s stock worth $7,244,000 after buying an additional 598 shares during the last quarter. FWL Investment Management LLC raised its position in Home Depot by 5.6% during the fourth quarter. FWL Investment Management LLC now owns 7,829 shares of the home improvement retailer’s stock worth $3,045,000 after acquiring an additional 413 shares in the last quarter. Circle Wealth Management LLC lifted its stake in Home Depot by 1.7% in the fourth quarter. Circle Wealth Management LLC now owns 2,667 shares of the home improvement retailer’s stock valued at $1,038,000 after acquiring an additional 44 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its position in shares of Home Depot by 0.8% in the 4th quarter. Coastal Bridge Advisors LLC now owns 5,708 shares of the home improvement retailer’s stock valued at $2,220,000 after acquiring an additional 48 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Home Depot stock opened at $364.79 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a market cap of $362.61 billion, a PE ratio of 24.78, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The business’s 50-day moving average price is $358.61 and its two-hundred day moving average price is $389.10.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.52%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Robert W. Baird cut their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Gordon Haskett lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $430.32.

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.