Dumont & Blake Investment Advisors LLC Sells 182 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Apr 9th, 2023

Dumont & Blake Investment Advisors LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,077 shares of the home improvement retailer’s stock after selling 182 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Home Depot were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. BCK Partners Inc. acquired a new stake in shares of Home Depot during the first quarter valued at about $2,933,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter valued at approximately $27,000. Ergoteles LLC acquired a new stake in Home Depot during the 1st quarter worth approximately $1,554,000. Equitable Holdings Inc. grew its holdings in Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after acquiring an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after acquiring an additional 24,640 shares during the period. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $288.61 on Friday. The stock has a fifty day moving average of $300.60 and a 200-day moving average of $303.83. The stock has a market cap of $292.27 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $347.25.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly 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 during the quarter, compared to the consensus estimate 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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.85 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders 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 2.90%. 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 currently 50.12%.

Analysts Set New Price Targets

HD has been the topic of several analyst reports. Bank of America reduced their price objective on shares of Home Depot from $360.00 to $346.00 in a research note on Wednesday, February 22nd. Citigroup reduced their price objective on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating for the company in a research report on Wednesday, February 22nd. Cowen decreased their target price on Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Truist Financial lowered their price objective on shares of Home Depot from $382.00 to $352.00 in a report on Wednesday, February 22nd. Finally, Wedbush increased 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. Thirteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $329.89.

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.