The Home Depot, Inc. (NYSE:HD) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,893 shares of the home improvement retailer's stock after buying an additional 14,268 shares during the quarter. Home Depot accounts for about 0.5% of Tower Research Capital LLC TRC's investment portfolio, making the stock its 23rd largest position. Tower Research Capital LLC TRC's holdings in Home Depot were worth $26,021,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Tradition Wealth Management LLC increased its stake in Home Depot by 0.7% in the 4th quarter. Tradition Wealth Management LLC now owns 4,307 shares of the home improvement retailer's stock worth $1,675,000 after purchasing an additional 29 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at approximately $425,000. Landing Point Financial Group LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $419,000. MML Investors Services LLC boosted its stake in Home Depot by 2.9% in the 4th quarter. MML Investors Services LLC now owns 281,218 shares of the home improvement retailer's stock worth $109,391,000 after purchasing an additional 7,972 shares during the period. Finally, MetLife Investment Management LLC grew its position in Home Depot by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 297,792 shares of the home improvement retailer's stock worth $115,838,000 after purchasing an additional 3,880 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 2.6 %

Shares of HD opened at $354.85 on Friday. The stock's 50-day moving average price is $369.30 and its 200 day moving average price is $394.20. 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. The firm has a market capitalization of $352.73 billion, a price-to-earnings 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 issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping 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 firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period last year, the business earned $2.82 earnings per share. Home Depot's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.59%. This is an increase from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's payout ratio is presently 61.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and raised their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Piper Sandler lowered their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada decreased their target price on shares of 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. Robert W. Baird cut their price objective on Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Guggenheim restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Ten equities research 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's stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $434.08.

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.

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