The Home Depot, Inc. (NYSE:HD) Stock Holdings Trimmed by United Bank

United Bank decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,370 shares of the home improvement retailer’s stock after selling 88 shares during the quarter. United Bank’s holdings in Home Depot were worth $1,700,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HD. SYM FINANCIAL Corp lifted its holdings in shares of Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Home Depot by 10.7% in the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock worth $596,140,000 after acquiring an additional 141,915 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Home Depot during the third quarter valued at approximately $649,000. Northwest & Ethical Investments L.P. lifted its position in shares of Home Depot by 186.6% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 6,605 shares of the home improvement retailer’s stock valued at $2,676,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Eventide Asset Management LLC grew its position in Home Depot by 97.9% during the 3rd quarter. Eventide Asset Management LLC now owns 10,435 shares of the home improvement retailer’s stock worth $4,228,000 after purchasing an additional 5,161 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Piper Sandler dropped their price target on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities raised Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Truist Financial dropped their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Stock Performance

NYSE:HD opened at $357.86 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a 50-day moving average price of $389.98 and a 200 day moving average price of $398.80. The firm has a market capitalization of $355.72 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The business 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%. Home Depot’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $2.82 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.57%. Home Depot’s payout ratio is 61.66%.

About Home Depot

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.