Schaper Benz & Wise Investment Counsel Inc. WI Sells 1,039 Shares of The Home Depot, Inc. (NYSE:HD)

Schaper Benz & Wise Investment Counsel Inc. WI trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,309 shares of the home improvement retailer's stock after selling 1,039 shares during the quarter. Home Depot makes up 1.9% of Schaper Benz & Wise Investment Counsel Inc. WI's holdings, making the stock its 16th biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Home Depot were worth $24,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SYM FINANCIAL Corp increased its holdings in Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock worth $777,000 after purchasing an additional 289 shares in the last quarter. Swedbank AB increased its holdings in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after purchasing an additional 132,967 shares in the last quarter. Principal Financial Group Inc. increased its holdings in 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. Capital Performance Advisors LLP increased its holdings in Home Depot by 22.1% in the third quarter. Capital Performance Advisors LLP now owns 740 shares of the home improvement retailer's stock worth $300,000 after purchasing an additional 134 shares in the last quarter. Finally, ABLE Financial Group LLC increased its holdings in Home Depot by 10.6% in the third quarter. ABLE Financial Group LLC now owns 5,667 shares of the home improvement retailer's stock worth $2,296,000 after purchasing an additional 542 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

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Home Depot Stock Performance

Shares of NYSE HD traded down $5.08 during trading on Friday, reaching $376.66. 4,572,916 shares of the stock traded hands, compared to its average volume of 3,351,697. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. 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 company has a 50-day moving average of $400.21 and a 200-day moving average of $400.02. The stock has a market capitalization of $374.16 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $39.15 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

Analyst Ratings Changes

HD has been the subject of a number of research 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. Robert W. Baird lowered their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Evercore ISI boosted their price objective on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Truist Financial decreased their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Nine research 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's stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $436.50.

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.