1,628 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by May Hill Capital LLC

May Hill Capital LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,628 shares of the home improvement retailer's stock, valued at approximately $633,000.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Home Depot in the fourth quarter valued at approximately $5,032,910,000. Raymond James Financial Inc. bought a new stake in shares of Home Depot during the 4th quarter valued at $2,212,546,000. Proficio Capital Partners LLC lifted its stake in shares of Home Depot by 21,394.9% in the 4th 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 period. Vanguard Group Inc. boosted its position in shares of 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 worth $37,251,142,000 after purchasing an additional 875,836 shares during the last quarter. Finally, Amundi boosted its holdings in Home Depot by 8.6% during the fourth quarter. Amundi now owns 7,554,880 shares of the home improvement retailer's stock worth $2,925,498,000 after buying an additional 599,490 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Wells Fargo & Company lifted 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. Royal Bank of Canada lowered their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. 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, Truist Financial cut their price objective on shares of Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research report 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, the company has an average rating of "Moderate Buy" and a consensus target price of $435.85.

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Home Depot Stock Performance

Home Depot stock traded up $5.73 during trading hours on Wednesday, hitting $371.25. The company had a trading volume of 3,178,686 shares, compared to its average volume of 3,446,573. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $369.03 billion, a PE ratio of 25.22, a PEG ratio of 4.03 and a beta of 1.08. The firm has a 50-day moving average of $388.06 and a 200 day moving average of $398.84. 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 released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share 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 during the quarter, compared to analysts' expectations of $39.15 billion. During the same period last year, the firm posted $2.82 EPS. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's dividend payout ratio (DPR) 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.