Montis Financial LLC Purchases 200 Shares of The Home Depot, Inc. (NYSE:HD)

Montis Financial LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,239 shares of the home improvement retailer’s stock after purchasing an additional 200 shares during the quarter. Montis Financial LLC’s holdings in Home Depot were worth $482,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Zevin Asset Management LLC raised its holdings in Home Depot by 16.6% during the 4th quarter. Zevin Asset Management LLC now owns 21,801 shares of the home improvement retailer’s stock worth $8,480,000 after purchasing an additional 3,104 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of Home Depot by 8.7% during the 4th quarter. Kestra Advisory Services LLC now owns 151,076 shares of the home improvement retailer’s stock worth $58,767,000 after buying an additional 12,100 shares during the period. HMV Wealth Advisors LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $1,305,000. First National Trust Co grew its position in shares of Home Depot by 2.0% during the 4th quarter. First National Trust Co now owns 61,591 shares of the home improvement retailer’s stock worth $23,958,000 after buying an additional 1,229 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $384,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Robert W. Baird reduced 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, February 26th. Wedbush reaffirmed an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Guggenheim reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Trading Up 1.1 %

NYSE HD opened at $351.16 on Friday. The stock has a market capitalization of $348.83 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year 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 business’s fifty day moving average is $397.43 and its 200-day moving average is $399.26.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current 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 paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.62%. 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 payout ratio is presently 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.