The Home Depot, Inc. (NYSE:HD) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,982 shares of the home improvement retailer’s stock after acquiring an additional 71 shares during the quarter. Home Depot comprises about 1.9% of Marco Investment Management LLC’s investment portfolio, making the stock its 13th largest holding. Marco Investment Management LLC’s holdings in Home Depot were worth $22,165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at $32,000. NewSquare Capital LLC lifted its holdings in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after purchasing an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in Home Depot in the third quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HD shares. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Mizuho upped their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company upped their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Price Performance

NYSE HD opened at $381.48 on Friday. The stock’s 50-day moving average price is $400.54 and its two-hundred day moving average price is $399.49. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $378.95 billion, a PE ratio of 25.92, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 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 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for 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 quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot’s dividend payout ratio is currently 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.