Fort Sheridan Advisors LLC Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Fort Sheridan Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,173 shares of the home improvement retailer’s stock after buying an additional 204 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Home Depot were worth $2,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HD. Schulhoff & Co. Inc. raised its stake in Home Depot by 19.6% during the 4th quarter. Schulhoff & Co. Inc. now owns 609 shares of the home improvement retailer’s stock valued at $237,000 after buying an additional 100 shares during the last quarter. HC Advisors LLC increased its stake in shares of Home Depot by 19.4% in the fourth quarter. HC Advisors LLC now owns 1,656 shares of the home improvement retailer’s stock worth $644,000 after purchasing an additional 269 shares in the last quarter. A&I Financial Services LLC purchased a new position in shares of Home Depot in the fourth quarter valued at about $201,000. CORDA Investment Management LLC. boosted its stake in Home Depot by 2.3% in the 4th quarter. CORDA Investment Management LLC. now owns 4,183 shares of the home improvement retailer’s stock worth $1,627,000 after purchasing an additional 95 shares during the period. Finally, Linscomb Wealth Inc. increased its holdings in Home Depot by 5.0% in the 4th quarter. Linscomb Wealth Inc. now owns 6,854 shares of the home improvement retailer’s stock valued at $2,666,000 after acquiring an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HD. Robert W. Baird lowered their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday. Barclays increased their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Piper Sandler dropped their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Performance

NYSE HD opened at $390.44 on Friday. The stock’s fifty day moving average is $401.27 and its two-hundred day moving average is $398.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $387.85 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

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

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.36%. This is a boost 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 61.66%.

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.