Fiduciary Group LLC Sells 229 Shares of The Home Depot, Inc. (NYSE:HD)

Fiduciary Group LLC lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,827 shares of the home improvement retailer’s stock after selling 229 shares during the period. Home Depot comprises about 1.4% of Fiduciary Group LLC’s investment portfolio, making the stock its 15th biggest position. Fiduciary Group LLC’s holdings in Home Depot were worth $13,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas boosted its position in Home Depot by 22.3% during the fourth quarter. Teacher Retirement System of Texas now owns 375,164 shares of the home improvement retailer’s stock worth $145,935,000 after purchasing an additional 68,491 shares during the period. First National Bank of Hutchinson boosted its position in Home Depot by 13.7% during the fourth quarter. First National Bank of Hutchinson now owns 3,063 shares of the home improvement retailer’s stock worth $1,191,000 after purchasing an additional 369 shares during the period. Royal London Asset Management Ltd. boosted its position in Home Depot by 1.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 630,519 shares of the home improvement retailer’s stock worth $245,266,000 after purchasing an additional 8,330 shares during the period. Next Capital Management LLC boosted its position in Home Depot by 2.0% during the fourth quarter. Next Capital Management LLC now owns 2,233 shares of the home improvement retailer’s stock worth $869,000 after purchasing an additional 44 shares during the period. Finally, First Financial Bankshares Inc boosted its position in Home Depot by 0.5% during the fourth quarter. First Financial Bankshares Inc now owns 124,480 shares of the home improvement retailer’s stock worth $48,421,000 after purchasing an additional 647 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.1 %

HD stock opened at $353.35 on Thursday. The company has a market capitalization of $351.01 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company’s 50 day moving average price is $395.36 and its two-hundred day moving average price is $399.08. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $39.15 billion. During the same quarter last year, the business earned $2.82 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. Guggenheim reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Truist Financial lowered their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Robert W. Baird lowered their price target on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

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.