Schroder Investment Management Group Has $574.13 Million Position in The Home Depot, Inc. (NYSE:HD)

Schroder Investment Management Group lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,474,269 shares of the home improvement retailer's stock after acquiring an additional 71,364 shares during the quarter. Schroder Investment Management Group owned approximately 0.15% of Home Depot worth $574,125,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price objective 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. Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $435.85.

Remove Ads

Home Depot Stock Performance

NYSE HD traded up $5.59 during trading on Wednesday, reaching $371.11. 1,248,305 shares of the company's stock were exchanged, compared to its average volume of 3,439,286. 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 business has a 50 day moving average price of $388.06 and a 200-day moving average price of $398.84. The stock has a market capitalization of $368.90 billion, a P/E ratio of 25.21, a PEG ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping 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 business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the previous year, the firm earned $2.82 EPS. The firm's revenue was up 14.1% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

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.