Motley Fool Asset Management LLC Acquires 6,962 Shares of The Home Depot, Inc. (NYSE:HD)

Motley Fool Asset Management LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,340 shares of the home improvement retailer's stock after purchasing an additional 6,962 shares during the period. Home Depot comprises 1.1% of Motley Fool Asset Management LLC's portfolio, making the stock its 21st biggest holding. Motley Fool Asset Management LLC's holdings in Home Depot were worth $20,749,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HD. Synergy Asset Management LLC bought a new position in Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the 4th quarter valued at $32,000. Sellwood Investment Partners LLC acquired a new position in Home Depot in the fourth quarter worth $39,000. Finally, NewSquare Capital LLC grew its holdings 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 during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Truist Financial dropped their target price on Home Depot from $467.00 to $437.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and raised their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $435.85.

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Home Depot Stock Down 4.1 %

Shares of HD traded down $15.12 on Thursday, hitting $355.77. The company's stock had a trading volume of 5,402,816 shares, compared to its average volume of 3,444,510. The firm's fifty day moving average price is $386.11 and its 200-day moving average price is $398.35. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 firm has a market capitalization of $353.64 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 4.03 and a beta of 1.08.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The business's quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.59%. 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.