Security National Trust Co. Has $9.91 Million Position in Home Depot Inc (HD)

Security National Trust Co. reduced its position in Home Depot Inc (NYSE:HD) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,820 shares of the home improvement retailer’s stock after selling 1,755 shares during the period. Home Depot makes up 3.1% of Security National Trust Co.’s investment portfolio, making the stock its 4th largest holding. Security National Trust Co.’s holdings in Home Depot were worth $9,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amussen Hunsaker Associates LLC bought a new position in shares of Home Depot in the 2nd quarter worth $107,000. CSat Investment Advisory L.P. bought a new position in shares of Home Depot in the 2nd quarter worth $112,000. Mainstay Capital Management LLC ADV lifted its holdings in shares of Home Depot by 203.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its holdings in shares of Home Depot by 84.6% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Home Depot by 162.0% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock worth $127,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

In other news, EVP Ann Marie Campbell sold 13,457 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the completion of the sale, the executive vice president now directly owns 56,198 shares of the company’s stock, valued at approximately $9,702,022.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Manuel Kadre bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were acquired at an average cost of $177.48 per share, with a total value of $354,960.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $354,960. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 13,750 shares of company stock valued at $2,401,470 and have sold 137,987 shares valued at $24,769,526. Company insiders own 0.25% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Monday, December 31st. Morgan Stanley cut their target price on Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, October 23rd. Wells Fargo & Co cut their target price on Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Bank of America cut Home Depot from a “buy” rating to a “neutral” rating and cut their target price for the stock from $219.00 to $195.00 in a report on Friday, November 16th. Finally, Loop Capital cut their target price on Home Depot from $200.00 to $180.00 and set a “hold” rating on the stock in a report on Tuesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $204.60.

NYSE HD opened at $177.04 on Thursday. The firm has a market capitalization of $199.33 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.39 and a beta of 1.17. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $215.43. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. The business had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. Home Depot’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 EPS. Equities analysts expect that Home Depot Inc will post 9.81 EPS for the current year.

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Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: Debt-To-Equity Ratio

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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