Trinity Legacy Partners LLC Has $2.64 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Trinity Legacy Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 7.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,352 shares of the home improvement retailer’s stock after purchasing an additional 596 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Home Depot were worth $2,638,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HD. Heartwood Wealth Advisors LLC grew its stake in shares of Home Depot by 4.1% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock worth $437,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC grew its stake in shares of Home Depot by 0.4% in the third quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock worth $2,998,000 after purchasing an additional 41 shares during the last quarter. Bell & Brown Wealth Advisors LLC grew its stake in shares of Home Depot by 3.3% in the third quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock worth $2,159,000 after purchasing an additional 253 shares during the last quarter. Community Bank of Raymore grew its stake in shares of Home Depot by 120.0% in the third quarter. Community Bank of Raymore now owns 1,650 shares of the home improvement retailer’s stock worth $455,000 after purchasing an additional 900 shares during the last quarter. Finally, Alphastar Capital Management LLC grew its stake in shares of Home Depot by 5.3% in the third quarter. Alphastar Capital Management LLC now owns 20,249 shares of the home improvement retailer’s stock worth $5,587,000 after purchasing an additional 1,025 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research analyst reports. Telsey Advisory Group cut their price target on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Cowen cut their price target on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Roth Mkm cut their price target on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 22nd. Citigroup cut their price target on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Finally, Morgan Stanley cut their price target on shares of Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.45.

Home Depot Trading Up 0.6 %

NYSE:HD opened at $288.39 on Friday. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The firm has a market cap of $295.23 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25. The firm has a 50-day moving average price of $310.70 and a two-hundred day moving average price of $303.66.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating the consensus estimate of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. During the same quarter last year, the business posted $3.21 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be given a dividend of $2.09 per share. This is an increase from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s dividend payout ratio is currently 50.12%.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.