Gries Financial LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,009 shares of the home improvement retailer’s stock after buying an additional 1,906 shares during the period. Home Depot comprises approximately 0.9% of Gries Financial LLC’s investment portfolio, making the stock its 29th biggest position. Gries Financial LLC’s holdings in Home Depot were worth $2,846,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of HD. First Personal Financial Services increased its holdings in Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Fairfield Bush & CO. acquired a new stake in Home Depot in the first quarter valued at $27,000. Grayhawk Investment Strategies Inc. acquired a new stake in Home Depot in the second quarter valued at $28,000. Align Wealth Management LLC acquired a new stake in Home Depot in the fourth quarter valued at $30,000. Finally, Bellwether Advisors LLC increased its holdings in Home Depot by 74.0% in the third quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 54 shares during the period. 68.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Robert W. Baird decreased their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st. Wedbush increased their price target on Home Depot from $280.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. UBS Group decreased their price target on Home Depot from $350.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Telsey Advisory Group decreased their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Finally, Cowen decreased their price target on Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $331.45.
Home Depot Trading Up 0.6 %
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The company had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. During the same quarter last year, the business posted $3.21 EPS. Home Depot’s quarterly revenue was up .3% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.85 earnings per share for the current year.
Home Depot Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be paid a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a yield of 2.90%. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date is Wednesday, March 8th. Home Depot’s payout ratio is currently 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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