U S Wealth Group LLC. Makes New $2.97 Million Investment in The Home Depot, Inc. (NYSE:HD)

U S Wealth Group LLC. purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,634 shares of the home improvement retailer’s stock, valued at approximately $2,970,000. Home Depot accounts for about 2.2% of U S Wealth Group LLC.’s holdings, making the stock its 12th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock valued at $596,140,000 after purchasing an additional 141,915 shares in the last quarter. United Bank boosted its position in shares of Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock worth $1,806,000 after buying an additional 181 shares in the last quarter. Morse Asset Management Inc grew its stake in Home Depot by 12.9% in the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer’s stock valued at $12,357,000 after acquiring an additional 3,493 shares during the last quarter. Dunhill Financial LLC raised its position in Home Depot by 22.1% during the third quarter. Dunhill Financial LLC now owns 607 shares of the home improvement retailer’s stock worth $246,000 after acquiring an additional 110 shares during the last quarter. Finally, Mosaic Financial Group LLC purchased a new stake in shares of Home Depot in the third quarter valued at about $315,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.6 %

HD stock opened at $353.78 on Monday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $351.67 billion, a P/E ratio of 24.03, a PEG ratio of 4.03 and a beta of 1.08. The firm has a 50 day simple moving average of $384.89 and a 200-day simple moving average of $398.35.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 firm had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period last year, the business posted $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is currently 61.66%.

Analyst Ratings Changes

Several research firms have weighed in on HD. Guggenheim reissued a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird reduced their target price on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Truist Financial reduced their price objective on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.85.

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.