1,761 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,761 shares of the home improvement retailer's stock, valued at approximately $685,000.

Other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth $32,000. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $39,000. Finally, NewSquare Capital LLC boosted its stake in Home Depot by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of Home Depot stock traded down $3.59 during trading on Tuesday, reaching $353.61. The company's stock had a trading volume of 2,869,575 shares, compared to its average volume of 3,484,680. The stock has a 50-day moving average price of $374.14 and a two-hundred day moving average price of $395.67. The stock has a market capitalization of $351.50 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

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Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the company earned $2.82 EPS. The business's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. Home Depot's dividend payout ratio is presently 61.66%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. 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. Royal Bank of Canada decreased their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Finally, HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $434.08.

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.