Accurate Wealth Management LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,707 shares of the home improvement retailer’s stock after selling 261 shares during the quarter. Accurate Wealth Management LLC’s holdings in Home Depot were worth $1,509,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in HD. Heartwood Wealth Advisors LLC increased its holdings in shares of Home Depot by 4.1% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $437,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC boosted its holdings in shares of Home Depot by 0.4% during the 3rd quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock worth $2,998,000 after buying an additional 41 shares during the period. Bell & Brown Wealth Advisors LLC grew its stake in Home Depot by 3.3% in the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock valued at $2,159,000 after buying an additional 253 shares during the last quarter. Community Bank of Raymore raised its holdings in Home Depot by 120.0% in the 3rd quarter. Community Bank of Raymore now owns 1,650 shares of the home improvement retailer’s stock valued at $455,000 after acquiring an additional 900 shares during the period. Finally, Alphastar Capital Management LLC lifted its position in Home Depot by 5.3% during the third quarter. Alphastar Capital Management LLC now owns 20,249 shares of the home improvement retailer’s stock worth $5,587,000 after acquiring an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.
Home Depot Price Performance
Home Depot stock opened at $288.39 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86. The company has a market capitalization of $292.70 billion, a PE ratio of 17.29, a P/E/G ratio of 1.61 and a beta of 0.93. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $347.25. The stock has a 50-day moving average price of $310.70 and a two-hundred day moving average price of $303.66.
Home Depot Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be given a $2.09 dividend. The ex-dividend date is Wednesday, March 8th. This is an increase from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 annualized dividend and a yield of 2.90%. Home Depot’s dividend payout ratio (DPR) is currently 50.12%.
Analysts Set New Price Targets
Several research firms recently weighed in on HD. Sanford C. Bernstein initiated coverage on Home Depot in a report on Tuesday, December 6th. They set a “market perform” rating and a $337.00 price target for the company. Telsey Advisory Group dropped their target price on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Evercore ISI decreased their price target on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. DA Davidson decreased their target price on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 22nd. Finally, Piper Sandler dropped their price target on shares of Home Depot from $320.00 to $300.00 in a research report on Wednesday, February 15th. Thirteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $331.45.
About Home Depot
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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