Triangle Securities Wealth Management decreased its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,015 shares of the home improvement retailer’s stock after selling 42 shares during the period. Triangle Securities Wealth Management’s holdings in Home Depot were worth $321,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services raised its position in Home Depot by 81.1% during the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 43 shares during the last quarter. Fairfield Bush & CO. acquired a new position in Home Depot during the first quarter worth about $27,000. Grayhawk Investment Strategies Inc. acquired a new position in Home Depot during the second quarter worth about $28,000. Align Wealth Management LLC acquired a new position in Home Depot during the fourth quarter worth about $30,000. Finally, Glassy Mountain Advisors Inc. acquired a new position in Home Depot during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 68.31% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Truist Financial cut their target price on shares of Home Depot from $382.00 to $352.00 in a research report on Wednesday, February 22nd. Telsey Advisory Group lowered their price target on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Barclays lowered their price target on shares of Home Depot from $323.00 to $310.00 and set an “equal weight” rating for the company in a report on Wednesday, February 22nd. Bank of America lowered their price target on shares of Home Depot from $360.00 to $346.00 in a report on Wednesday, February 22nd. Finally, Cowen lowered their price target on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.45.
Home Depot Trading Up 0.6 %
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. The firm had revenue of $35.83 billion for the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. Home Depot’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.21 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.85 EPS for the current year.
Home Depot Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be given a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.90%. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date is Wednesday, March 8th. Home Depot’s payout ratio is 50.12%.
Home Depot Profile
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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