Segall Bryant & Hamill LLC Sells 4,166 Shares of The Home Depot, Inc. (NYSE:HD)

Segall Bryant & Hamill LLC cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,219 shares of the home improvement retailer's stock after selling 4,166 shares during the period. Segall Bryant & Hamill LLC's holdings in Home Depot were worth $33,149,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new stake in Home Depot in the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the 4th quarter valued at about $32,000. NewSquare Capital LLC raised its position in Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after purchasing an additional 68 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $41,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Piper Sandler dropped their price target on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday. Royal Bank of Canada decreased their price target 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. KGI Securities raised Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Wedbush restated an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $435.85.

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Home Depot Stock Performance

NYSE HD traded up $0.02 during trading hours on Thursday, hitting $362.15. The company's stock had a trading volume of 1,100,825 shares, compared to its average volume of 3,210,549. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $359.75 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company's 50 day simple moving average is $391.94 and its two-hundred day simple moving average is $398.90. 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 quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio is presently 61.66%.

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.