The Home Depot, Inc. (NYSE:HD) Shares Purchased by New York State Common Retirement Fund

Posted by on Apr 14th, 2023

New York State Common Retirement Fund lifted its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,898,543 shares of the home improvement retailer’s stock after acquiring an additional 24,455 shares during the period. Home Depot accounts for approximately 0.8% of New York State Common Retirement Fund’s holdings, making the stock its 16th biggest position. New York State Common Retirement Fund owned approximately 0.19% of Home Depot worth $599,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teamwork Financial Advisors LLC lifted its stake in Home Depot by 1.4% in 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 last quarter. Insight Wealth Strategies LLC raised its holdings in shares of Home Depot by 0.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock valued at $1,830,000 after purchasing an additional 32 shares in the last quarter. Monterey Private Wealth Inc. lifted its stake in shares of Home Depot by 2.2% in the 4th quarter. Monterey Private Wealth Inc. now owns 1,495 shares of the home improvement retailer’s stock valued at $472,000 after purchasing an additional 32 shares during the last quarter. Virtue Capital Management LLC boosted its holdings in Home Depot by 1.4% in the third quarter. Virtue Capital Management LLC now owns 2,476 shares of the home improvement retailer’s stock worth $683,000 after purchasing an additional 33 shares in the last quarter. Finally, Coastal Bridge Advisors LLC increased its position in Home Depot by 0.6% during the third quarter. Coastal Bridge Advisors LLC now owns 5,744 shares of the home improvement retailer’s stock worth $1,585,000 after buying an additional 34 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HD shares. Citigroup decreased their price target on Home Depot from $340.00 to $332.00 and set a “buy” rating for the company in a research note on Wednesday, February 22nd. Wedbush increased their price target on Home Depot from $280.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, February 22nd. Telsey Advisory Group reduced their price objective on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. DA Davidson dropped their target price on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating on the stock in a report on Wednesday, February 22nd. Finally, Loop Capital decreased their price target on shares of Home Depot from $310.00 to $300.00 and set a “hold” rating for the company in a report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $329.89.

Home Depot Trading Up 0.6 %

Shares of HD opened at $292.15 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The stock has a market cap of $295.85 billion, a PE ratio of 17.51, a PEG 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. The stock has a 50 day simple moving average of $298.78 and a 200-day simple moving average of $304.28.

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

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were given a $2.09 dividend. The ex-dividend date was Wednesday, March 8th. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a yield of 2.86%. Home Depot’s payout ratio is 50.12%.

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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