The Home Depot, Inc. (NYSE:HD) Shares Purchased by First Manhattan CO. LLC.

First Manhattan CO. LLC. boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,809 shares of the home improvement retailer’s stock after acquiring an additional 111 shares during the period. First Manhattan CO. LLC.’s holdings in Home Depot were worth $13,929,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Fred Alger Management LLC boosted its holdings in Home Depot by 3.4% in the fourth quarter. Fred Alger Management LLC now owns 43,515 shares of the home improvement retailer’s stock valued at $16,927,000 after purchasing an additional 1,450 shares in the last quarter. Family Management Corp grew its position in shares of Home Depot by 3.2% in the 4th quarter. Family Management Corp now owns 19,112 shares of the home improvement retailer’s stock valued at $7,244,000 after buying an additional 598 shares during the last quarter. FWL Investment Management LLC raised its stake in Home Depot by 5.6% during the 4th quarter. FWL Investment Management LLC now owns 7,829 shares of the home improvement retailer’s stock worth $3,045,000 after acquiring an additional 413 shares in the last quarter. Circle Wealth Management LLC lifted its position in Home Depot by 1.7% in the fourth quarter. Circle Wealth Management LLC now owns 2,667 shares of the home improvement retailer’s stock valued at $1,038,000 after acquiring an additional 44 shares during the last quarter. Finally, Coastal Bridge Advisors LLC grew its holdings in shares of Home Depot by 0.8% during the fourth quarter. Coastal Bridge Advisors LLC now owns 5,708 shares of the home improvement retailer’s stock worth $2,220,000 after purchasing an additional 48 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on HD shares. Wells Fargo & Company decreased their target price on Home Depot from $445.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Piper Sandler reduced their price target 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. Guggenheim reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.32.

Home Depot Stock Performance

NYSE:HD opened at $362.55 on Friday. 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 company has a market capitalization of $360.39 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The firm has a 50-day moving average price of $358.23 and a two-hundred day moving average price of $388.83. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm 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 company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

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.