DT Investment Partners LLC Sells 234 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by on Apr 16th, 2023

DT Investment Partners LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,797 shares of the home improvement retailer’s stock after selling 234 shares during the period. DT Investment Partners LLC’s holdings in Home Depot were worth $4,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Home Depot by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 94,440,614 shares of the home improvement retailer’s stock worth $26,059,943,000 after acquiring an additional 1,011,858 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after purchasing an additional 1,361,660 shares during the last quarter. Alliancebernstein L.P. boosted its position in Home Depot by 9.1% in the third quarter. Alliancebernstein L.P. now owns 9,722,967 shares of the home improvement retailer’s stock valued at $2,682,956,000 after buying an additional 812,278 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Home Depot by 2.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 5,929,065 shares of the home improvement retailer’s stock valued at $1,636,544,000 after buying an additional 131,560 shares in the last quarter. Finally, Cottage Street Advisors LLC boosted its position in Home Depot by 26,657.7% in the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock valued at $659,000 after buying an additional 3,567,063 shares in the last quarter. Institutional investors own 68.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. Wedbush raised their target price on shares of Home Depot from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, February 22nd. Telsey Advisory Group cut their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. UBS Group cut their target price on shares of Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Finally, Truist Financial cut their target price on shares of Home Depot from $382.00 to $352.00 in a research report on Wednesday, February 22nd. Thirteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $329.89.

Home Depot Trading Up 0.0 %

HD opened at $292.19 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $347.25. 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 company has a market cap of $295.89 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The company has a fifty day moving average price of $297.04 and a two-hundred day moving average price of $304.62.

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

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were issued a dividend of $2.09 per share. This is a boost from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Wednesday, March 8th. Home Depot’s dividend payout ratio (DPR) is currently 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.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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