Argent Trust Co Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Argent Trust Co boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,779 shares of the home improvement retailer's stock after purchasing an additional 815 shares during the period. Home Depot comprises approximately 1.6% of Argent Trust Co's holdings, making the stock its 9th largest position. Argent Trust Co's holdings in Home Depot were worth $38,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Home Depot in the fourth quarter valued at $32,000. Marshall Investment Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth $41,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HD shares. Truist Financial cut their target price on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler reduced their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada dropped their price target 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. Wells Fargo & Company upped their price objective on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, Robert W. Baird decreased their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $434.08.

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Home Depot Stock Up 0.4 %

Shares of HD traded up $1.59 during trading on Monday, reaching $355.45. The company's stock had a trading volume of 1,127,746 shares, compared to its average volume of 3,480,448. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 company has a market cap of $353.33 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a fifty day moving average of $375.29 and a two-hundred day moving average of $395.97.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during 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 for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $2.82 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS 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 issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's payout ratio is 61.66%.

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.