Glen Eagle Advisors LLC Purchases 171 Shares of The Home Depot, Inc. (NYSE:HD)

Glen Eagle Advisors LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,865 shares of the home improvement retailer’s stock after purchasing an additional 171 shares during the period. Glen Eagle Advisors LLC’s holdings in Home Depot were worth $3,448,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Group Ltd. boosted its stake in shares of Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after buying an additional 27 shares during the last quarter. Tallon Kerry Patrick bought a new stake in Home Depot during the fourth quarter worth about $281,000. Capital & Planning LLC boosted its position in Home Depot by 110.2% during the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock valued at $418,000 after purchasing an additional 563 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Home Depot during the fourth quarter valued at approximately $634,000. Finally, Stillwater Capital Advisors LLC grew its stake in Home Depot by 1.0% in the fourth quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer’s stock valued at $19,760,000 after purchasing an additional 497 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.7%

Shares of HD opened at $376.84 on Wednesday. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm’s 50 day moving average is $358.99 and its 200-day moving average is $387.78. The stock has a market capitalization of $374.59 billion, a PE ratio of 25.60, a P/E/G ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.63 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.44%. Home Depot’s dividend payout ratio is currently 61.66%.

Analysts Set New Price Targets

Several research firms have recently commented on HD. Piper Sandler cut their price objective on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday. Royal Bank of Canada decreased their price objective on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, KGI Securities upgraded Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $424.60.

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.