Naviter Wealth LLC Buys 3,146 Shares of The Home Depot, Inc. (NYSE:HD)

Naviter Wealth LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 39.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,150 shares of the home improvement retailer's stock after purchasing an additional 3,146 shares during the quarter. Naviter Wealth LLC's holdings in Home Depot were worth $4,337,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $32,000. NewSquare Capital LLC boosted its stake in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after purchasing an additional 68 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

NYSE HD traded down $5.08 during trading on Friday, hitting $376.66. 4,572,916 shares of the company's stock were exchanged, compared to its average volume of 3,351,697. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $374.16 billion, a PE ratio of 25.59, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock's 50 day moving average price is $400.21 and its two-hundred day moving average price is $399.81.

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Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Evercore ISI lifted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Wedbush reissued an "outperform" rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $436.50.

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.