Landing Point Financial Group LLC Buys Shares of 1,030 The Home Depot, Inc. (NYSE:HD)

Landing Point Financial Group LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,030 shares of the home improvement retailer's stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also modified their holdings of HD. MML Investors Services LLC grew its stake in shares of Home Depot by 2.9% in the 4th quarter. MML Investors Services LLC now owns 281,218 shares of the home improvement retailer's stock valued at $109,391,000 after buying an additional 7,972 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Home Depot by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 297,792 shares of the home improvement retailer's stock valued at $115,838,000 after acquiring an additional 3,880 shares during the last quarter. Norinchukin Bank The grew its position in Home Depot by 6.9% in the fourth quarter. Norinchukin Bank The now owns 55,514 shares of the home improvement retailer's stock worth $21,594,000 after acquiring an additional 3,605 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Home Depot by 24.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 109,195 shares of the home improvement retailer's stock worth $42,476,000 after purchasing an additional 21,604 shares during the last quarter. Finally, Capital International Inc. CA raised its holdings in shares of Home Depot by 6.1% during the 4th quarter. Capital International Inc. CA now owns 113,123 shares of the home improvement retailer's stock valued at $44,004,000 after purchasing an additional 6,508 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of several analyst reports. Gordon Haskett downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank of Canada reduced their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Piper Sandler dropped 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 reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Stock Performance

NYSE:HD opened at $354.85 on Friday. The firm has a market capitalization of $352.73 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a 50-day moving average price of $369.30 and a 200 day moving average price of $394.20.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) 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 analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost 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 2.59%. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

About Home Depot

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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