DecisionMap Wealth Management LLC Invests $978,000 in The Home Depot, Inc. (NYSE:HD)

DecisionMap Wealth Management LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,514 shares of the home improvement retailer’s stock, valued at approximately $978,000.

Several other institutional investors have also recently made changes to their positions in HD. PGGM Investments increased its stake in Home Depot by 21.2% in the fourth quarter. PGGM Investments now owns 33,241 shares of the home improvement retailer’s stock valued at $12,930,000 after acquiring an additional 5,815 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in Home Depot by 2.4% in the fourth quarter. HBK Sorce Advisory LLC now owns 16,418 shares of the home improvement retailer’s stock valued at $6,386,000 after acquiring an additional 381 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Home Depot by 12.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 225,701 shares of the home improvement retailer’s stock valued at $87,895,000 after acquiring an additional 25,666 shares during the last quarter. Erste Asset Management GmbH increased its stake in Home Depot by 30.4% in the fourth quarter. Erste Asset Management GmbH now owns 161,326 shares of the home improvement retailer’s stock valued at $63,214,000 after acquiring an additional 37,581 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its stake in Home Depot by 4.1% in the fourth quarter. Mascoma Wealth Management LLC now owns 956 shares of the home improvement retailer’s stock valued at $372,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HD shares. Truist Financial reduced their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Evercore ISI raised their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Performance

Shares of HD opened at $364.82 on Thursday. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company has a 50-day simple moving average of $399.01 and a two-hundred day simple moving average of $399.78. The firm has a market capitalization of $362.39 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the business posted $2.82 earnings per share. Home Depot’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.52%. 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 presently 61.66%.

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.