MJP Associates Inc. ADV Has $1.37 Million Holdings in The Home Depot, Inc. (NYSE:HD)

MJP Associates Inc. ADV increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 8.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,529 shares of the home improvement retailer’s stock after buying an additional 263 shares during the period. MJP Associates Inc. ADV’s holdings in Home Depot were worth $1,373,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Home Depot in the fourth quarter valued at about $5,032,910,000. Raymond James Financial Inc. purchased a new stake in Home Depot in the fourth quarter worth approximately $2,212,546,000. Proficio Capital Partners LLC raised its position in shares of Home Depot by 21,394.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the period. Northern Trust Corp increased its holdings in shares of Home Depot by 13.3% in the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock worth $4,726,186,000 after buying an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Home Depot in the 4th quarter valued at about $471,189,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $362.55 on Monday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. 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 capitalization of $360.39 billion, a PE ratio of 24.63, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a fifty day moving average of $358.23 and a two-hundred day moving average of $388.66.

Home Depot (NYSE:HD) last released its 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 business had revenue of $39.70 billion for the quarter, compared to the consensus estimate 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 firm earned $2.82 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.54%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

Several analysts recently commented on HD shares. Truist Financial raised their price target on shares of Home Depot from $391.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Gordon Haskett downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their price target on Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price 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.