Ullmann Wealth Partners Group LLC Has $297,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by on Mar 27th, 2023

Ullmann Wealth Partners Group LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 941 shares of the home improvement retailer’s stock after buying an additional 60 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Home Depot were worth $297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Ritholtz Wealth Management boosted its position in Home Depot by 44.6% during the fourth quarter. Ritholtz Wealth Management now owns 25,759 shares of the home improvement retailer’s stock valued at $8,136,000 after purchasing an additional 7,942 shares during the last quarter. Trust Co. of Oklahoma lifted its position in shares of Home Depot by 63.2% in the fourth quarter. Trust Co. of Oklahoma now owns 10,811 shares of the home improvement retailer’s stock worth $3,415,000 after buying an additional 4,187 shares during the last quarter. McLean Asset Management Corp increased its stake in shares of Home Depot by 1.2% in the fourth quarter. McLean Asset Management Corp now owns 2,883 shares of the home improvement retailer’s stock worth $911,000 after purchasing an additional 34 shares during the period. KFG Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter worth about $599,000. Finally, Oak Harbor Wealth Partners LLC increased its stake in shares of Home Depot by 21.5% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 9,086 shares of the home improvement retailer’s stock worth $2,870,000 after purchasing an additional 1,609 shares during the period. Institutional investors and hedge funds own 68.31% of the company’s stock.

Home Depot Stock Down 0.3 %

Home Depot stock opened at $283.02 on Monday. The stock has a market cap of $287.25 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.59 and a beta of 0.93. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $347.25. The company’s 50-day moving average price is $306.70 and its two-hundred day moving average price is $303.64.

Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. During the same period in the prior year, the firm earned $3.21 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were paid a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a yield of 2.95%. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date of this dividend was Wednesday, March 8th. Home Depot’s dividend payout ratio (DPR) is 50.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HD shares. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday, December 6th. They issued a “market perform” rating and a $337.00 price objective on the stock. Loop Capital lowered their price target on Home Depot from $310.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday, February 22nd. Oppenheimer decreased their price objective on Home Depot from $470.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, February 17th. Credit Suisse Group reduced their target price on Home Depot from $335.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. Finally, Barclays reduced their target price on Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $331.45.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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