Crescent Grove Advisors LLC Increases Position in The Home Depot, Inc. (NYSE:HD)

Crescent Grove Advisors LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,444 shares of the home improvement retailer’s stock after purchasing an additional 157 shares during the period. Crescent Grove Advisors LLC’s holdings in Home Depot were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. BCK Partners Inc. purchased a new stake in shares of Home Depot in the first quarter valued at approximately $2,933,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the first quarter valued at approximately $27,000. Ergoteles LLC purchased a new stake in shares of Home Depot in the first quarter valued at approximately $1,554,000. Equitable Holdings Inc. grew its position in shares of Home Depot by 7.4% in the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Home Depot by 3.2% in the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.9 %

Shares of NYSE HD opened at $334.83 on Wednesday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a market cap of $331.82 billion, a P/E ratio of 22.17, a PEG ratio of 2.25 and a beta of 0.98. The business’s fifty day simple moving average is $369.14 and its 200-day simple moving average is $339.05.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the firm earned $3.30 earnings per share. Home Depot’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Truist Financial increased their price objective on Home Depot from $386.00 to $417.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Oppenheimer lowered Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Citigroup increased their price objective on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. HSBC reiterated a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada increased their price objective on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $375.96.

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.