Spahn Wealth & Retirement LLC Makes New $1.97 Million Investment in The Home Depot, Inc. (NYSE:HD)

Spahn Wealth & Retirement LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,058 shares of the home improvement retailer's stock, valued at approximately $1,968,000. Home Depot accounts for about 1.3% of Spahn Wealth & Retirement LLC's investment portfolio, making the stock its 21st biggest holding.

Other hedge funds have also bought and sold shares of the company. SYM FINANCIAL Corp grew its position in shares of Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock valued at $777,000 after purchasing an additional 289 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock valued at $596,140,000 after buying an additional 141,915 shares in the last quarter. United Bank grew its holdings in Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock valued at $1,806,000 after buying an additional 181 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Home Depot during the third quarter worth $76,000. Finally, Motley Fool Asset Management LLC lifted its holdings in shares of Home Depot by 4.3% during the third quarter. Motley Fool Asset Management LLC now owns 46,378 shares of the home improvement retailer's stock worth $18,971,000 after buying an additional 1,923 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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Home Depot Trading Down 4.1 %

Shares of NYSE HD traded down $15.12 during trading on Thursday, reaching $355.77. The company had a trading volume of 5,402,816 shares, compared to its average volume of 3,444,510. The stock has a market cap of $353.64 billion, a P/E ratio of 24.17, a PEG ratio of 4.03 and a beta of 1.08. The company's fifty day moving average price is $386.11 and its 200-day moving average price is $398.35. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 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 business had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.59%. Home Depot's payout ratio is presently 61.66%.

Analyst Ratings Changes

Several analysts have weighed in on HD shares. Hsbc Global Res upgraded shares of Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Truist Financial dropped 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. Piper Sandler reduced their target price on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Finally, KGI Securities raised Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.85.

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.