3,900 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,900 shares of the home improvement retailer's stock, valued at approximately $1,517,000. Home Depot makes up 1.0% of M Holdings Securities Inc.'s portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banco de Sabadell S.A increased its position in Home Depot by 1.2% in the 4th quarter. Banco de Sabadell S.A now owns 6,618 shares of the home improvement retailer's stock worth $2,573,000 after buying an additional 77 shares during the period. Blueprint Investment Partners LLC increased its position in Home Depot by 50.7% during the fourth quarter. Blueprint Investment Partners LLC now owns 4,333 shares of the home improvement retailer's stock worth $1,686,000 after acquiring an additional 1,457 shares during the period. Optimum Investment Advisors increased its position in Home Depot by 6.2% during the fourth quarter. Optimum Investment Advisors now owns 1,616 shares of the home improvement retailer's stock worth $629,000 after acquiring an additional 95 shares during the period. Guardian Partners Inc. bought a new stake in Home Depot in the 4th quarter valued at $308,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Home Depot in the 4th quarter worth $141,531,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.3 %

Shares of HD stock traded up $1.02 on Wednesday, reaching $362.01. 3,140,663 shares of the stock were exchanged, compared to its average volume of 3,218,318. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market cap of $359.61 billion, a PE ratio of 24.59, a P/E/G ratio of 4.03 and a beta of 1.09. The stock has a 50 day moving average price of $392.82 and a 200 day moving average price of $399.16.

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Home Depot (NYSE:HD - Get Free Report) last released its 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 period in the prior year, the company posted $2.82 EPS. The company's revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast 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 will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. Home Depot's payout ratio is presently 61.66%.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Truist Financial lowered their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and raised their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $435.85.

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.