Integrated Wealth Concepts LLC Acquires 18,363 Shares of The Home Depot, Inc. (NYSE:HD)

Integrated Wealth Concepts LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 37.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,025 shares of the home improvement retailer's stock after acquiring an additional 18,363 shares during the period. Integrated Wealth Concepts LLC's holdings in Home Depot were worth $26,461,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC bought a new stake in Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the 4th quarter worth $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth $32,000. Sellwood Investment Partners LLC purchased a new stake in Home Depot during the fourth quarter valued at $39,000. Finally, NewSquare Capital LLC lifted its holdings in Home Depot by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and boosted their price target for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Piper Sandler decreased their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Guggenheim reissued a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company raised their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $434.08.

Home Depot Stock Up 0.7 %

Shares of HD opened at $357.03 on Thursday. The business's 50 day simple moving average is $365.88 and its 200-day simple moving average is $393.13. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. 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 stock has a market capitalization of $354.90 billion, a price-to-earnings ratio of 24.25, 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 quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. Home Depot's revenue was up 14.1% on a year-over-year basis. As a group, equities analysts expect 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 given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.58%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 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.

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