Grant Private Wealth Management Inc Purchases Shares of 1,314 The Home Depot, Inc. (NYSE:HD)

Grant Private Wealth Management Inc acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,314 shares of the home improvement retailer's stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after purchasing an additional 875,836 shares in the last quarter. Geode Capital Management LLC lifted its position in Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after purchasing an additional 257,036 shares during the period. Norges Bank bought a new stake in Home Depot during the fourth quarter worth about $5,032,910,000. Fisher Asset Management LLC grew its stake in Home Depot by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock worth $3,715,668,000 after buying an additional 125,441 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Home Depot by 5.5% in the 4th quarter. Alliancebernstein L.P. now owns 9,052,091 shares of the home improvement retailer's stock valued at $3,521,173,000 after buying an additional 468,203 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Down 4.1 %

NYSE HD traded down $15.12 during trading hours on Thursday, hitting $355.77. 5,402,816 shares of the company's stock were exchanged, compared to its average volume of 3,444,510. The firm has a market cap of $353.64 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 4.03 and a beta of 1.08. The stock has a 50-day simple moving average of $386.11 and a 200 day simple moving average of $398.35. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the firm posted $2.82 EPS. The company's quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.59%. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Truist Financial cut their price target on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Robert W. Baird lowered their price target on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, HSBC raised Home Depot from a "reduce" rating to a "hold" rating and boosted their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $435.85.

Home Depot Company 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.