The Home Depot, Inc. (NYSE:HD) Shares Bought by Guyasuta Investment Advisors Inc.

Posted by on Apr 14th, 2023

Guyasuta Investment Advisors Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,033 shares of the home improvement retailer’s stock after purchasing an additional 90 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Home Depot were worth $6,959,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services increased its stake in Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the first quarter valued at about $27,000. Align Wealth Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $30,000. Glassy Mountain Advisors Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at about $30,000. Finally, Bellwether Advisors LLC boosted 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 acquiring an additional 54 shares in the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE:HD opened at $292.15 on Friday. The firm has a 50 day simple moving average of $298.78 and a 200-day simple moving average of $304.28. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33. The firm has a market cap of $295.85 billion, a PE ratio of 17.51, a P/E/G ratio of 1.69 and a beta of 0.93. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. The business had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were given a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s payout ratio is currently 50.12%.

Analyst Ratings Changes

HD has been the topic of several analyst reports. Loop Capital lowered their target price on shares of Home Depot from $310.00 to $300.00 and set a “hold” rating on the stock in a report on Wednesday, February 22nd. Cowen lowered their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. StockNews.com initiated coverage on shares of Home Depot in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Evercore ISI lowered their target price on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Finally, Piper Sandler decreased their price objective on shares of Home Depot from $320.00 to $300.00 in a report on Wednesday, February 15th. Thirteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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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