The Home Depot, Inc. (NYSE:HD) Shares Bought by Fundamentun LLC

Fundamentun LLC raised its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,647 shares of the home improvement retailer’s stock after acquiring an additional 256 shares during the quarter. Fundamentun LLC’s holdings in Home Depot were worth $5,890,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Heartwood Wealth Advisors LLC raised its stake in shares of Home Depot by 4.1% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer’s stock worth $437,000 after buying an additional 63 shares during the last quarter. West Branch Capital LLC raised its stake in shares of Home Depot by 0.4% during the 3rd quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer’s stock worth $2,998,000 after buying an additional 41 shares during the last quarter. Bell & Brown Wealth Advisors LLC raised its stake in shares of Home Depot by 3.3% during the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer’s stock worth $2,159,000 after buying an additional 253 shares during the last quarter. Community Bank of Raymore raised its stake in shares of Home Depot by 120.0% during the 3rd quarter. Community Bank of Raymore now owns 1,650 shares of the home improvement retailer’s stock worth $455,000 after buying an additional 900 shares during the last quarter. Finally, Alphastar Capital Management LLC raised its stake in shares of Home Depot by 5.3% during the 3rd quarter. Alphastar Capital Management LLC now owns 20,249 shares of the home improvement retailer’s stock worth $5,587,000 after buying an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

Home Depot Trading Up 0.6 %

Shares of HD stock traded up $1.66 during mid-day trading on Friday, reaching $288.39. The company’s stock had a trading volume of 8,341,992 shares, compared to its average volume of 4,513,982. The company’s 50 day simple moving average is $310.70 and its 200-day simple moving average is $303.66. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $347.25. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The firm has a market capitalization of $292.70 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last issued its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The business had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. During the same quarter last year, the firm posted $3.21 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.85 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 23rd. Stockholders of record on Thursday, March 9th will be paid a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, March 8th. This is an increase from Home Depot’s previous quarterly dividend of $1.90. Home Depot’s dividend payout ratio (DPR) is currently 50.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HD shares. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, December 6th. They set a “market perform” rating and a $337.00 price target for the company. Piper Sandler cut their target price on shares of Home Depot from $320.00 to $300.00 in a research note on Wednesday, February 15th. StockNews.com started coverage on shares of Home Depot in a research note on Thursday. They issued a “hold” rating for the company. Truist Financial cut their target price on shares of Home Depot from $382.00 to $352.00 in a research note on Wednesday, February 22nd. Finally, Robert W. Baird cut their target price on shares of Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. Thirteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $331.45.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.