The Home Depot, Inc. (NYSE:HD) Shares Bought by PDS Planning Inc

Posted by on Apr 10th, 2023

PDS Planning Inc increased its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,665 shares of the home improvement retailer’s stock after acquiring an additional 140 shares during the period. PDS Planning Inc’s holdings in Home Depot were worth $1,158,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. First Personal Financial Services lifted its holdings in Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 43 shares during the last quarter. Fairfield Bush & CO. acquired a new stake in Home Depot during the first quarter valued at approximately $27,000. Align Wealth Management LLC bought a new stake in Home Depot during the fourth quarter worth approximately $30,000. Glassy Mountain Advisors Inc. acquired a new position in Home Depot in the fourth quarter worth approximately $30,000. Finally, Bellwether Advisors LLC increased its holdings in shares of Home Depot by 74.0% in the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 54 shares in the last quarter. Institutional investors own 68.31% of the company’s stock.

Home Depot Stock Down 0.0 %

HD opened at $288.61 on Monday. The stock has a fifty day moving average of $300.60 and a 200-day moving average of $304.06. The company has a market capitalization of $292.27 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.67 and a beta of 0.93. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $347.25. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.04. The business 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%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 earnings per share. On average, equities analysts expect 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. 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 2.90%. The ex-dividend date of this dividend was Wednesday, March 8th. This is an increase from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is 50.12%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HD. Oppenheimer decreased their target price on Home Depot from $470.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, February 17th. Cowen decreased their price target 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. Loop Capital cut their price objective on Home Depot from $310.00 to $300.00 and set a “hold” rating on the stock in a report on Wednesday, February 22nd. Citigroup decreased their target price on shares of Home Depot from $340.00 to $332.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Finally, StockNews.com initiated coverage on shares of Home Depot in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Thirteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $329.89.

Home Depot Company Profile

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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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