The Home Depot, Inc. (NYSE:HD) Shares Bought by Bellwether Advisors LLC

Bellwether Advisors LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,167 shares of the home improvement retailer’s stock after purchasing an additional 50 shares during the quarter. Bellwether Advisors LLC’s holdings in Home Depot were worth $454,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Home Depot in the fourth quarter valued at $650,000. Second Half Financial Partners LLC grew its holdings in Home Depot by 2.9% during the fourth quarter. Second Half Financial Partners LLC now owns 1,061 shares of the home improvement retailer’s stock worth $413,000 after acquiring an additional 30 shares during the period. Public Employees Retirement Association of Colorado raised its position in Home Depot by 0.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 495,530 shares of the home improvement retailer’s stock valued at $192,756,000 after acquiring an additional 2,279 shares in the last quarter. Quarry LP boosted its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 66 shares in the last quarter. Finally, Mendel Capital Management LLC grew its stake in shares of Home Depot by 2.5% during the 4th quarter. Mendel Capital Management LLC now owns 3,380 shares of the home improvement retailer’s stock worth $1,315,000 after purchasing an additional 81 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.6 %

Shares of Home Depot stock opened at $357.62 on Monday. The company has a fifty day simple moving average of $363.97 and a 200-day simple moving average of $392.11. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month 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. The stock has a market cap of $355.49 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its earnings results 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. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 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 14.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.57%. Home Depot’s payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities raised Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Gordon Haskett cut Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Piper Sandler reduced their price objective on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Finally, HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $434.08.

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.