North Forty Two & Co. Takes Position in The Home Depot, Inc. (NYSE:HD)

North Forty Two & Co. bought a new position in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,178 shares of the home improvement retailer’s stock, valued at approximately $458,000.

A number of other institutional investors also recently bought and sold shares of the stock. VSM Wealth Advisory LLC bought a new position in Home Depot in the 4th quarter worth $996,000. Brooklyn FI LLC bought a new position in Home Depot in the 4th quarter worth $2,312,000. Enhancing Capital LLC bought a new position in Home Depot in the 4th quarter worth $646,000. Xponance Inc. raised its holdings in Home Depot by 2.0% in the 4th quarter. Xponance Inc. now owns 221,145 shares of the home improvement retailer’s stock worth $86,023,000 after purchasing an additional 4,290 shares during the period. Finally, Intech Investment Management LLC raised its holdings in Home Depot by 12.0% in the 4th quarter. Intech Investment Management LLC now owns 33,155 shares of the home improvement retailer’s stock worth $12,897,000 after purchasing an additional 3,562 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.3 %

HD opened at $349.39 on Wednesday. The firm has a market cap of $347.07 billion, a P/E ratio of 23.74, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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 50-day moving average of $396.03 and a 200 day moving average of $399.40.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $2.82 earnings per share. As a group, 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 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 2.63%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HD. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wells Fargo & Company increased their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. KGI Securities upgraded Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Guggenheim reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Truist Financial cut their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $436.50.

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.