AssuredPartners Investment Advisors LLC Invests $1.98 Million in The Home Depot, Inc. (NYSE:HD)

AssuredPartners Investment Advisors LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,092 shares of the home improvement retailer's stock, valued at approximately $1,981,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in Home Depot during the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter valued at about $41,000. Finally, Marshall Investment Management LLC bought a new position in Home Depot in the 4th quarter valued at about $41,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

HD traded down $4.87 on Friday, hitting $357.86. The company's stock had a trading volume of 2,979,134 shares, compared to its average volume of 3,449,521. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market cap of $355.72 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 company's 50 day simple moving average is $389.98 and its 200-day simple moving average is $398.80.

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Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $2.82 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.57%. Home Depot's dividend payout ratio is currently 61.66%.

Analysts Set New Price Targets

Several analysts have recently commented on HD shares. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot 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. HSBC upgraded 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 research note on Wednesday, February 26th. Robert W. Baird reduced their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $435.85.

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.