Lineweaver Wealth Advisors LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Lineweaver Wealth Advisors LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,550 shares of the home improvement retailer’s stock after acquiring an additional 981 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Home Depot were worth $3,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pensionfund Sabic lifted its stake in Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after buying an additional 3,800 shares in the last quarter. Swedbank AB lifted its stake in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares in the last quarter. Wedmont Private Capital boosted its position in Home Depot by 12.5% during the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after acquiring an additional 1,506 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new stake in Home Depot during the 4th quarter valued at about $1,793,000. Finally, Cerity Partners LLC grew its position in shares of Home Depot by 14.3% in the third quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock valued at $273,055,000 after purchasing an additional 84,062 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.7 %

HD stock opened at $390.40 on Thursday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market cap of $387.81 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a fifty day moving average price of $401.17 and a 200 day moving average price of $398.42.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the company posted $2.82 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HD shares. Wedbush reissued an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Truist Financial lowered their price objective on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

About Home Depot

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.