First County Bank CT Trims Stock Holdings in The Home Depot, Inc. (NYSE:HD)

First County Bank CT cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,242 shares of the home improvement retailer’s stock after selling 383 shares during the quarter. Home Depot makes up approximately 1.1% of First County Bank CT’s holdings, making the stock its 21st largest holding. First County Bank CT’s holdings in Home Depot were worth $2,149,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HD. Gilbert & Cook Inc. lifted its position in shares of Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after purchasing an additional 158 shares during the last quarter. Aveo Capital Partners LLC raised its stake in Home Depot by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after buying an additional 122 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in Home Depot by 4.2% during the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after buying an additional 557 shares during the last quarter. Gryphon Financial Partners LLC grew its position in shares of Home Depot by 161.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,188,000 after acquiring an additional 3,923 shares in the last quarter. Finally, J. W. Coons Advisors LLC increased its holdings in shares of Home Depot by 1.0% in the 4th quarter. J. W. Coons Advisors LLC now owns 7,345 shares of the home improvement retailer’s stock valued at $2,546,000 after acquiring an additional 71 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD opened at $396.74 on Friday. The business has a 50 day moving average price of $367.37 and a two-hundred day moving average price of $355.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company has a market capitalization of $393.41 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $401.11.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 earnings per share. Research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.27%. Home Depot’s dividend payout ratio is currently 60.36%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Melius Research began coverage on shares of Home Depot in a research report on Monday. They issued a “buy” rating and a $420.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Stifel Nicolaus cut their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, Truist Financial lowered their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $391.88.

About Home Depot

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.