HM Payson & Co. Sells 806 Shares of The Home Depot, Inc. (NYSE:HD)

HM Payson & Co. decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,109 shares of the home improvement retailer's stock after selling 806 shares during the quarter. Home Depot accounts for 1.7% of HM Payson & Co.'s portfolio, making the stock its 13th largest position. HM Payson & Co.'s holdings in Home Depot were worth $102,347,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HD. Raymond James Financial Inc. bought a new stake in Home Depot in the fourth quarter valued at approximately $2,212,546,000. Proficio Capital Partners LLC lifted its position in Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer's stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Home Depot in the third quarter valued at approximately $336,231,000. FMR LLC lifted its position in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after purchasing an additional 795,438 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Home Depot by 295.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock valued at $280,932,000 after purchasing an additional 518,054 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial lowered their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Piper Sandler reduced their target price on Home Depot from $455.00 to $435.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Evercore ISI boosted their target price on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Robert W. Baird reduced their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Nine equities 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 $436.50.

Home Depot Stock Down 1.3 %

Home Depot stock traded down $5.08 during mid-day trading on Friday, hitting $376.66. The company had a trading volume of 4,572,916 shares, compared to its average volume of 3,351,697. 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 stock's 50 day moving average price is $400.21 and its two-hundred day moving average price is $399.81. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market capitalization of $374.16 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results 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 return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio is presently 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.