The Home Depot, Inc. (NYSE:HD) Shares Sold by Taurus Asset Management LLC

Taurus Asset Management LLC lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,333 shares of the home improvement retailer's stock after selling 2,550 shares during the quarter. Home Depot comprises approximately 2.0% of Taurus Asset Management LLC's holdings, making the stock its 19th largest holding. Taurus Asset Management LLC's holdings in Home Depot were worth $20,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Synergy Asset Management LLC purchased a new stake in Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter worth $32,000. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $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 during the period. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird lowered their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Truist Financial decreased their price objective on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $434.08.

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Home Depot Trading Up 1.1 %

NYSE HD traded up $4.06 during trading hours on Tuesday, reaching $361.26. The company had a trading volume of 188,939 shares, compared to its average volume of 3,474,470. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market capitalization of $359.11 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The stock has a 50-day moving average of $374.14 and a 200 day moving average of $395.67. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter last year, the company posted $2.82 EPS. The firm's quarterly revenue was up 14.1% on a year-over-year basis. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.55%. 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%.

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.