The Home Depot, Inc. (NYSE:HD) Shares Purchased by Lantz Financial LLC

Posted by on Apr 2nd, 2023

Lantz Financial LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,827 shares of the home improvement retailer’s stock after purchasing an additional 48 shares during the quarter. Lantz Financial LLC’s holdings in Home Depot were worth $1,841,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teamwork Financial Advisors LLC grew its position in Home Depot by 1.4% during the fourth quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock valued at $729,000 after acquiring an additional 31 shares during the period. Insight Wealth Strategies LLC grew its position in Home Depot by 0.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock valued at $1,830,000 after acquiring an additional 32 shares during the period. Monterey Private Wealth Inc. grew its position in Home Depot by 2.2% during the fourth quarter. Monterey Private Wealth Inc. now owns 1,495 shares of the home improvement retailer’s stock valued at $472,000 after acquiring an additional 32 shares during the period. Oliver Lagore Vanvalin Investment Group grew its position in Home Depot by 5.4% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after acquiring an additional 33 shares during the period. Finally, Virtue Capital Management LLC grew its position in Home Depot by 1.4% during the third quarter. Virtue Capital Management LLC now owns 2,476 shares of the home improvement retailer’s stock valued at $683,000 after acquiring an additional 33 shares during the period. 68.31% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 3.4 %

NYSE:HD opened at $295.12 on Friday. 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 business’s 50 day moving average is $303.05 and its two-hundred day moving average is $303.27. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25. The company has a market cap of $299.53 billion, a PE ratio of 17.69, a P/E/G ratio of 1.59 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. The company had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. Home Depot’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $3.21 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were given a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.83%. 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 is presently 50.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler lowered their price target on Home Depot from $320.00 to $300.00 in a research report on Wednesday, February 15th. Wedbush boosted their price objective on Home Depot from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 22nd. Roth Mkm reduced their price objective on Home Depot from $312.00 to $292.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 22nd. Citigroup reduced their price objective on Home Depot from $340.00 to $332.00 and set a “buy” rating on the stock in a research note on Wednesday, February 22nd. Finally, Morgan Stanley reduced their price objective on Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $330.61.

Home Depot Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Get Rating).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.