The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,069 shares of the home improvement retailer’s stock after purchasing an additional 78 shares during the period. Home Depot comprises approximately 2.0% of Cyrus J. Lawrence LLC’s portfolio, making the stock its 19th largest position. Cyrus J. Lawrence LLC’s holdings in Home Depot were worth $10,529,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC increased its holdings in Home Depot by 46.4% in the 4th quarter. Mizuho Securities USA LLC now owns 94,142 shares of the home improvement retailer’s stock valued at $36,620,000 after purchasing an additional 29,841 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC increased its holdings in Home Depot by 2.0% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer’s stock valued at $577,000 after purchasing an additional 29 shares during the last quarter. Virtu Financial LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $7,646,000. ZEGA Investments LLC purchased a new position in Home Depot in the 4th quarter valued at approximately $1,060,000. Finally, Summit Global Investments boosted its position in Home Depot by 71.3% in the 4th quarter. Summit Global Investments now owns 19,113 shares of the home improvement retailer’s stock valued at $7,435,000 after buying an additional 7,953 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.0 %

NYSE HD opened at $352.12 on Friday. 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 cap of $349.78 billion, a PE ratio of 23.92, a P/E/G 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 firm’s fifty day moving average is $393.97 and its two-hundred day moving average is $398.66.

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

Home Depot Increases Dividend

The firm 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 is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.61%. Home Depot’s payout ratio is currently 61.66%.

Analyst Ratings Changes

HD has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird decreased their price target 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. Truist Financial decreased their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company 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 objective for the stock 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot 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.