Stenger Family Office LLC Invests $3.40 Million in The Home Depot, Inc. (NYSE:HD)

Stenger Family Office LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,741 shares of the home improvement retailer's stock, valued at approximately $3,400,000. Home Depot comprises approximately 1.2% of Stenger Family Office LLC's holdings, making the stock its 22nd largest position.

Several other institutional investors have also added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new position in Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $32,000. Sellwood Investment Partners LLC bought a new position in Home Depot in the 4th quarter worth $39,000. Finally, NewSquare Capital LLC increased its stake in Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock worth $40,000 after buying an additional 68 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 2.6 %

Shares of HD stock traded up $8.86 on Friday, hitting $354.85. The stock had a trading volume of 3,231,380 shares, compared to its average volume of 3,470,719. 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 one year low of $323.77 and a one year high of $439.37. The business has a 50 day moving average price of $369.30 and a 200 day moving average price of $394.08. The company has a market cap of $352.73 billion, a PE ratio of 24.11, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (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 the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. 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 dividend yield of 2.59%. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Royal Bank of Canada dropped their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Truist Financial reduced their price objective 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. Wedbush restated an "outperform" rating and set a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.