First Western Trust Bank Has $9.06 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

First Western Trust Bank decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,351 shares of the home improvement retailer's stock after selling 2,623 shares during the period. Home Depot makes up about 0.4% of First Western Trust Bank's portfolio, making the stock its 20th biggest holding. First Western Trust Bank's holdings in Home Depot were worth $9,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HD. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer's stock valued at $2,931,328,000 after buying an additional 100,139 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock valued at $2,853,143,000 after buying an additional 971,833 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Home Depot by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer's stock valued at $1,980,883,000 after buying an additional 138,396 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer's stock valued at $1,598,316,000 after buying an additional 333,312 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They set a "buy" rating and a $420.00 price target for the company. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Gordon Haskett raised shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Price Performance

Shares of NYSE HD traded up $2.30 during midday trading on Monday, reaching $410.48. The company's stock had a trading volume of 1,538,304 shares, compared to its average volume of 3,372,812. The company has a 50 day moving average price of $399.51 and a 200 day moving average price of $366.81. The company has a market cap of $407.73 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $3.81 earnings per share. On average, equities research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is currently 61.14%.

Home Depot Company 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.