The Home Depot, Inc. (NYSE:HD) Shares Acquired by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,121 shares of the home improvement retailer's stock after purchasing an additional 16,416 shares during the period. Home Depot makes up approximately 1.5% of Reynders McVeigh Capital Management LLC's holdings, making the stock its 24th largest position. Reynders McVeigh Capital Management LLC's holdings in Home Depot were worth $28,055,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Home Depot by 10.7% in the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after purchasing an additional 141,915 shares in the last quarter. Morse Asset Management Inc increased its holdings in shares of Home Depot by 12.9% in the third quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer's stock worth $12,357,000 after purchasing an additional 3,493 shares during the last quarter. Invst LLC lifted its position in shares of Home Depot by 1.7% in the third quarter. Invst LLC now owns 6,710 shares of the home improvement retailer's stock worth $2,719,000 after buying an additional 115 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of Home Depot by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer's stock worth $1,089,000 after acquiring an additional 115 shares in the last quarter. Finally, Tudor Financial Inc. bought a new position in shares of Home Depot during the 3rd quarter valued at approximately $1,027,000. Institutional investors own 70.86% of the company's stock.

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Home Depot Price Performance

HD stock traded up $3.75 on Tuesday, reaching $360.95. 188,939 shares of the company's stock were exchanged, compared to its average volume of 3,474,470. The firm has a market cap of $358.80 billion, a PE ratio of 24.48, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a fifty day moving average of $374.14 and a 200-day moving average of $395.67. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last issued 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. The firm had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company 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 represents a $9.20 dividend on an annualized basis and a dividend yield of 2.55%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Piper Sandler dropped their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Truist Financial reduced their target price on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Wedbush restated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $434.08.

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.