1,050 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Disciplined Investors L.L.C.

Disciplined Investors L.L.C. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,050 shares of the home improvement retailer's stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SYM FINANCIAL Corp boosted its holdings in Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock worth $777,000 after buying an additional 289 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Home Depot by 10.7% during the 3rd 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 during the last quarter. United Bank grew its holdings in Home Depot by 4.2% during the third quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock valued at $1,806,000 after purchasing an additional 181 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Home Depot in the third quarter valued at approximately $76,000. Finally, Motley Fool Asset Management LLC raised its holdings in Home Depot by 4.3% in the third quarter. Motley Fool Asset Management LLC now owns 46,378 shares of the home improvement retailer's stock worth $18,971,000 after purchasing an additional 1,923 shares during the period. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Royal Bank of Canada cut their price objective on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Piper Sandler lowered their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, KGI Securities raised shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

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Home Depot Stock Performance

HD stock traded down $15.12 during trading hours on Thursday, hitting $355.77. 5,402,816 shares of the stock were exchanged, compared to its average volume of 3,444,510. 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 50-day simple moving average of $386.11 and a two-hundred day simple moving average of $398.35. 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 capitalization of $353.64 billion, a P/E ratio of 24.17, a P/E/G ratio of 4.03 and a beta of 1.08.

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

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. 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 2.59%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is 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.