FineMark National Bank & Trust Has $34.61 Million Stake in The Home Depot, Inc. (NYSE:HD)

FineMark National Bank & Trust reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 88,969 shares of the home improvement retailer's stock after selling 2,863 shares during the period. Home Depot comprises 1.2% of FineMark National Bank & Trust's holdings, making the stock its 15th largest position. FineMark National Bank & Trust's holdings in Home Depot were worth $34,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC raised its position in shares of Home Depot by 3.8% in the fourth quarter. Ashton Thomas Securities LLC now owns 4,248 shares of the home improvement retailer's stock valued at $1,655,000 after purchasing an additional 155 shares during the period. TD Asset Management Inc. raised its holdings in Home Depot by 4.0% in the 4th quarter. TD Asset Management Inc. now owns 1,644,440 shares of the home improvement retailer's stock valued at $639,671,000 after acquiring an additional 62,676 shares during the period. Princeton Capital Management LLC lifted its position in Home Depot by 2.5% during the fourth quarter. Princeton Capital Management LLC now owns 1,169 shares of the home improvement retailer's stock worth $455,000 after acquiring an additional 29 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of Home Depot by 18.2% during the fourth quarter. Modern Wealth Management LLC now owns 14,245 shares of the home improvement retailer's stock worth $5,897,000 after acquiring an additional 2,190 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $1,007,000. Institutional investors own 70.86% of the company's stock.

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Home Depot Price Performance

Home Depot stock traded up $1.16 during mid-day trading on Thursday, reaching $363.29. The company had a trading volume of 1,173,480 shares, compared to its average volume of 3,210,898. The business has a fifty day simple moving average of $391.94 and a 200 day simple moving average of $398.90. The company has a market cap of $360.88 billion, a P/E ratio of 24.67, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the business posted $2.82 EPS. Home Depot's revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.53%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. Truist Financial dropped their price target on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. KGI Securities raised Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Finally, HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $435.85.

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.