Wealth Advisors of Iowa LLC lifted its stake in shares of The Home Depot, Inc. (NYSE: HD – Get Rating) by 55.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,606 shares of the home improvement retailer’s stock after purchasing an additional 576 shares during the quarter. Home Depot accounts for about 0.4% of Wealth Advisors of Iowa LLC’s portfolio, making the stock its 21st largest position. Wealth Advisors of Iowa LLC’s holdings in Home Depot were worth $ 666,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in HD. Allspring Global Investments Holdings LLC bought a new stake in Home Depot during the 4th quarter worth approximately $ 440,559,000. Jennison Associates LLC grew its holdings in Home Depot by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $ 2,001,755,000 after acquiring an additional 840,033 shares during the last quarter. Geode Capital Management LLC grew its holdings in Home Depot by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $ 7,002,662,000 after acquiring an additional 701,811 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Home Depot by 11.4% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 5,903,692 shares of the home improvement retailer’s stock worth $ 1,937,946,000 after acquiring an additional 605,827 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Home Depot by 12.2% during the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $ 2,166,946,000 after acquiring an additional 566,462 shares during the last quarter. 70.61% of the stock is currently owned by institutional investors.
NYSE HD opened at $ 279.73 on Thursday. The Home Depot, Inc. has a 1 year low of $ 275.47 and a 1 year high of $ 420.61. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The firm has a market cap of $ 287.49 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.74 and a beta of 0.97. The company has a fifty day moving average price of $ 299.30 and a 200-day moving average price of $ 339.26.
Home Depot (NYSE: HD – Get Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $ 4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 3.67 by $ 0.42. Home Depot had a net margin of 10.83% and a return on equity of 2,082.76%. The firm had revenue of $ 38.91 billion during the quarter, compared to analyst estimates of $ 36.78 billion. During the same quarter in the prior year, the business posted $ 3.86 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Thursday, June 2nd will be given a dividend of $ 1.90 per share. The ex-dividend date is Wednesday, June 1st. This represents a $ 7.60 annualized dividend and a yield of 2.72%. Home Depot’s payout ratio is currently 48.25%.
A number of equities research analysts have recently commented on the stock. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, February 25th. The Goldman Sachs Group reduced their price objective on shares of Home Depot from $ 413.00 to $ 402.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Truist Financial reduced their price objective on shares of Home Depot from $ 405.00 to $ 375.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. TheStreet lowered shares of Home Depot from a “b” rating to a “c +” rating in a research note on Tuesday, February 22nd. Finally, Guggenheim reduced their price objective on shares of Home Depot from $ 400.00 to $ 350.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $ 373.86.
In other Home Depot news, Director Becker Caryn Seidman bought 1,500 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $ 287.73 per share, for a total transaction of $ 431,595.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company stock, valued at $ 431,595. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $ 288.03, for a total transaction of $ 3,252,722.79. Following the transaction, the executive vice president now owns 51,175 shares of the company stock, valued at approximately $ 14,739,935.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,933 shares of company stock valued at $ 3,448,197. 0.17% of the stock is owned by company insiders.
About Home Depot: (Get Rating)
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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