UNIVEST FINANCIAL Corp Sells 1,647 Shares of The Home Depot, Inc. (NYSE:HD)

UNIVEST FINANCIAL Corp trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,442 shares of the home improvement retailer’s stock after selling 1,647 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Home Depot were worth $7,563,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the 3rd quarter worth approximately $41,000. Finally, Marshall Investment Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HD shares. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Wedbush reissued an “outperform” rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and increased their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Truist Financial dropped their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Stock Down 0.8 %

Home Depot stock opened at $360.90 on Wednesday. The firm has a market cap of $358.50 billion, a price-to-earnings ratio of 24.52, a PEG 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 stock has a fifty day simple moving average of $392.82 and a two-hundred day simple moving average of $399.16. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during 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 company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.55%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is presently 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.