Hancock Whitney Corp Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Hancock Whitney Corp grew its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,056 shares of the home improvement retailer's stock after acquiring an additional 991 shares during the quarter. Home Depot comprises about 1.0% of Hancock Whitney Corp's portfolio, making the stock its 15th biggest position. Hancock Whitney Corp's holdings in Home Depot were worth $32,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of Home Depot by 10.7% during the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after acquiring an additional 141,915 shares in the last quarter. Morse Asset Management Inc raised its holdings in shares of Home Depot by 12.9% in the third quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock worth $12,357,000 after buying an additional 3,493 shares during the last quarter. Invst LLC lifted its stake in shares of Home Depot by 1.7% during the third quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock worth $2,719,000 after buying an additional 115 shares during the period. McIlrath & Eck LLC increased its position in shares of Home Depot by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock valued at $1,089,000 after acquiring an additional 115 shares during the period. Finally, Tudor Financial Inc. acquired a new stake in Home Depot during the 3rd quarter worth about $1,027,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, 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. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Price Performance

NYSE:HD opened at $357.03 on Thursday. The firm's fifty day moving average price is $365.88 and its two-hundred day moving average price is $393.13. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $354.90 billion, a P/E ratio of 24.25, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) 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 net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the prior year, the firm earned $2.82 EPS. The business's revenue was up 14.1% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current 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 issued a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

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.

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