Fort Sheridan Advisors LLC Increases Stake in The Home Depot, Inc. (NYSE:HD)

Fort Sheridan Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,173 shares of the home improvement retailer’s stock after buying an additional 204 shares during the period. Fort Sheridan Advisors LLC’s holdings in Home Depot were worth $2,790,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Home Depot by 2.0% during the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock worth $8,767,449,000 after purchasing an additional 433,126 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Home Depot by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer’s stock worth $3,819,679,000 after acquiring an additional 205,954 shares during the period. FMR LLC raised its stake in shares of Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock worth $3,516,827,000 after buying an additional 795,438 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Home Depot by 5.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer’s stock valued at $3,253,952,000 after acquiring an additional 409,890 shares during the period. Finally, Swiss National Bank grew its position in Home Depot by 0.3% during the third quarter. Swiss National Bank now owns 2,943,400 shares of the home improvement retailer’s stock worth $1,192,666,000 after buying an additional 9,200 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $390.44 on Friday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week 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 $387.85 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a 50-day moving average price of $401.27 and a two-hundred day moving average price of $398.37.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent research reports. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial reduced their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday. Guggenheim reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday. Robert W. Baird dropped their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

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.