The Home Depot, Inc. (NYSE:HD) Shares Acquired by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,336 shares of the home improvement retailer’s stock after buying an additional 394 shares during the quarter. Home Depot makes up approximately 4.6% of Borer Denton & Associates Inc.’s portfolio, making the stock its 5th biggest position. Borer Denton & Associates Inc.’s holdings in Home Depot were worth $13,357,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $39,000. Core Wealth Partners LLC boosted its position in Home Depot by 17.6% during the fourth quarter. Core Wealth Partners LLC now owns 2,846 shares of the home improvement retailer’s stock valued at $1,107,000 after acquiring an additional 425 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in Home Depot by 150.2% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,330 shares of the home improvement retailer’s stock worth $3,629,000 after acquiring an additional 5,601 shares during the period. Financial Engines Advisors L.L.C. lifted its stake in shares of Home Depot by 102.3% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 15,521 shares of the home improvement retailer’s stock valued at $6,038,000 after purchasing an additional 7,847 shares during the period. Finally, Morey & Quinn Wealth Partners LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $1,018,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.8 %

Home Depot stock opened at $360.90 on Wednesday. The firm has a 50 day moving average price of $392.82 and a 200-day moving average price of $399.16. 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 market capitalization of $358.50 billion, a P/E ratio of 24.52, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period last year, the business posted $2.82 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HD shares. Truist Financial cut their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Guggenheim reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $435.85.

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.