Montecito Bank & Trust Has $2.20 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Montecito Bank & Trust lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,657 shares of the home improvement retailer’s stock after buying an additional 450 shares during the quarter. Montecito Bank & Trust’s holdings in Home Depot were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HD. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot during the 4th quarter worth $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the 3rd quarter valued at $46,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the 2nd quarter valued at $47,000. Finally, Quarry LP grew its holdings in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after purchasing an additional 36 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 0.0 %

HD opened at $414.53 on Friday. The stock has a market cap of $411.77 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a fifty day moving average of $407.14 and a 200-day moving average of $390.16.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $3.81 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio is 61.14%.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Bank of America boosted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Finally, Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is owned by company insiders.

About Home Depot

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.