Buckley Wealth Management LLC Sells 115 Shares of The Home Depot, Inc. (NYSE:HD)

Buckley Wealth Management LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,503 shares of the home improvement retailer’s stock after selling 115 shares during the period. Home Depot comprises approximately 1.3% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Buckley Wealth Management LLC’s holdings in Home Depot were worth $4,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HMV Wealth Advisors LLC bought a new position in shares of Home Depot in the 4th quarter valued at $1,305,000. First National Trust Co lifted its stake in shares of Home Depot by 2.0% in the 4th quarter. First National Trust Co now owns 61,591 shares of the home improvement retailer’s stock valued at $23,958,000 after acquiring an additional 1,229 shares during the last quarter. Hughes Financial Services LLC bought a new position in shares of Home Depot in the 4th quarter valued at $384,000. Postrock Partners LLC bought a new position in shares of Home Depot in the 4th quarter valued at $268,000. Finally, Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Home Depot by 248.0% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 6,803 shares of the home improvement retailer’s stock valued at $2,647,000 after acquiring an additional 4,848 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HD. Wedbush reiterated an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial dropped their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. KGI Securities upgraded Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Wells Fargo & Company increased their price objective on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Stock Performance

Shares of HD opened at $351.16 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a 50-day moving average of $397.43 and a 200-day moving average of $399.26. The company has a market cap of $348.83 billion, a PE ratio of 23.86, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $2.82 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.62%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.