Montag & Caldwell LLC Sells 33 Shares of The Home Depot, Inc. (NYSE:HD)

Montag & Caldwell LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,250 shares of the home improvement retailer’s stock after selling 33 shares during the period. Montag & Caldwell LLC’s holdings in Home Depot were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HD. Synergy Asset Management LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $41,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Home Depot in the 4th quarter valued at $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Piper Sandler decreased their price objective on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Robert W. Baird dropped their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $434.08.

Home Depot Stock Up 0.9 %

HD stock opened at $356.92 on Tuesday. The company’s 50 day moving average is $374.14 and its 200 day moving average is $395.67. The stock has a market cap of $354.79 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last issued 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. 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 for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.58%. Home Depot’s dividend payout ratio is 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.