Hoertkorn Richard Charles Sells 820 Shares of The Home Depot, Inc. (NYSE:HD)

Hoertkorn Richard Charles cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,064 shares of the home improvement retailer's stock after selling 820 shares during the quarter. Home Depot accounts for 3.2% of Hoertkorn Richard Charles' holdings, making the stock its 11th biggest position. Hoertkorn Richard Charles' holdings in Home Depot were worth $7,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after acquiring an additional 875,836 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Home Depot by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock valued at $8,767,449,000 after buying an additional 433,126 shares during the last quarter. Norges Bank acquired a new position in shares of Home Depot during the 4th quarter worth about $5,032,910,000. Fisher Asset Management LLC raised its stake in Home Depot by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock valued at $3,715,668,000 after buying an additional 125,441 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Home Depot by 5.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer's stock valued at $3,253,952,000 after purchasing an additional 409,890 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Piper Sandler dropped their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Robert W. Baird reduced their price target on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Truist Financial dropped their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Trading Up 1.3 %

Shares of Home Depot stock traded up $4.77 during trading on Monday, hitting $362.92. The company's stock had a trading volume of 1,276,401 shares, compared to its average volume of 3,441,009. The stock has a 50-day moving average price of $389.98 and a two-hundred day moving average price of $398.99. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock has a market cap of $360.75 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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 for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.82 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.54%. This is a boost 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.