Whittier Trust Co. boosted its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,818 shares of the home improvement retailer’s stock after acquiring an additional 807 shares during the quarter. Whittier Trust Co.’s holdings in Home Depot were worth $24,263,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BCK Partners Inc. acquired a new position in Home Depot in the first quarter valued at about $2,933,000. Fairfield Bush & CO. acquired a new position in shares of Home Depot during the first quarter worth approximately $27,000. Ergoteles LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $1,554,000. Equitable Holdings Inc. lifted its position in shares of Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after purchasing an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Home Depot by 3.2% in the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after buying an additional 24,640 shares during the period. Institutional investors own 68.31% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on HD shares. Truist Financial lowered their target price on shares of Home Depot from $382.00 to $352.00 in a research note on Wednesday, February 22nd. Cowen reduced their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Robert W. Baird reduced their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st. Roth Mkm reduced their target price on shares of Home Depot from $312.00 to $292.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Finally, UBS Group reduced their target price on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $330.61.
Home Depot Price Performance
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, 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 analyst estimates of $36 billion. During the same period last year, the firm earned $3.21 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.85 earnings per share for the current year.
Home Depot Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were paid a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a boost from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is presently 50.12%.
About Home Depot
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.
See Also
- Get a free copy of the StockNews.com research report on Home Depot (HD)
- Penny Stock Wag! Group Co. Has Solid Sell-Side Support
- Staples Stocks Get Lift From Conagra Results, New Highs In Sight
- SGH Bottomed, But Can It Reverse And Move Higher?
- Is Pinterest Showing Signs of an Improving Ad Market?
- At 3x Earnings, Avis Budget Is Worth Taking for a Spin
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.
