First Manhattan CO. LLC. Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

First Manhattan CO. LLC. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,809 shares of the home improvement retailer’s stock after buying an additional 111 shares during the quarter. First Manhattan CO. LLC.’s holdings in Home Depot were worth $13,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fred Alger Management LLC lifted its holdings in shares of Home Depot by 3.4% during the 4th quarter. Fred Alger Management LLC now owns 43,515 shares of the home improvement retailer’s stock worth $16,927,000 after acquiring an additional 1,450 shares during the period. Family Management Corp raised its stake in Home Depot by 3.2% during the fourth quarter. Family Management Corp now owns 19,112 shares of the home improvement retailer’s stock worth $7,244,000 after purchasing an additional 598 shares during the period. FWL Investment Management LLC boosted its holdings in shares of Home Depot by 5.6% in the 4th quarter. FWL Investment Management LLC now owns 7,829 shares of the home improvement retailer’s stock valued at $3,045,000 after purchasing an additional 413 shares during the last quarter. Circle Wealth Management LLC grew its stake in shares of Home Depot by 1.7% during the 4th quarter. Circle Wealth Management LLC now owns 2,667 shares of the home improvement retailer’s stock valued at $1,038,000 after buying an additional 44 shares during the period. Finally, Coastal Bridge Advisors LLC raised its position in shares of Home Depot by 0.8% in the 4th quarter. Coastal Bridge Advisors LLC now owns 5,708 shares of the home improvement retailer’s stock worth $2,220,000 after buying an additional 48 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE:HD opened at $362.55 on Friday. 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 company has a 50-day moving average of $358.23 and a 200-day moving average of $388.83. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The firm has a market cap of $360.39 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly 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. The firm had revenue of $39.70 billion for 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 firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.54%. 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%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wedbush restated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Wells Fargo & Company cut their target price on Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday. Gordon Haskett cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Morgan Stanley reduced their price target on shares of Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.32.

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.