Oak Harbor Wealth Partners LLC Sells 113 Shares of The Home Depot, Inc. (NYSE:HD)

Oak Harbor Wealth Partners LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,549 shares of the home improvement retailer’s stock after selling 113 shares during the quarter. Home Depot comprises 1.1% of Oak Harbor Wealth Partners LLC’s investment portfolio, making the stock its 24th largest position. Oak Harbor Wealth Partners LLC’s holdings in Home Depot were worth $3,714,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. K.J. Harrison & Partners Inc boosted its position in shares of Home Depot by 65.2% during the 4th quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after acquiring an additional 3,590 shares during the last quarter. Pensionfund Sabic boosted its position in shares of Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after acquiring an additional 3,800 shares during the last quarter. Swedbank AB boosted its position in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Home Depot by 12.5% during the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock valued at $5,291,000 after buying an additional 1,506 shares in the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at about $1,793,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.3 %

NYSE HD opened at $376.66 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 Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market capitalization of $374.16 billion, a PE ratio of 25.59, a P/E/G ratio of 4.03 and a beta of 1.05. The stock’s 50 day moving average is $400.21 and its 200 day moving average is $399.59.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Research analysts forecast 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 will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. Home Depot’s payout ratio is currently 61.66%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. Wells Fargo & Company raised 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. Truist Financial decreased their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. KGI Securities raised Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

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.