CORDA Investment Management LLC. Has $1.63 Million Stake in The Home Depot, Inc. (NYSE:HD)

CORDA Investment Management LLC. raised its stake in The Home Depot, Inc. (NYSE:HD) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,183 shares of the home improvement retailer’s stock after acquiring an additional 95 shares during the period. CORDA Investment Management LLC.’s holdings in Home Depot were worth $1,627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Linscomb Wealth Inc. grew its holdings in shares of Home Depot by 5.0% during the fourth quarter. Linscomb Wealth Inc. now owns 6,854 shares of the home improvement retailer’s stock worth $2,666,000 after purchasing an additional 326 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Home Depot by 7.4% during the fourth quarter. QRG Capital Management Inc. now owns 145,898 shares of the home improvement retailer’s stock worth $56,753,000 after acquiring an additional 10,083 shares in the last quarter. Brueske Advisory Services LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at about $229,000. AWM Capital LLC grew its stake in Home Depot by 22.4% in the fourth quarter. AWM Capital LLC now owns 738 shares of the home improvement retailer’s stock valued at $287,000 after acquiring an additional 135 shares during the period. Finally, Motiv8 Investments LLC grew its position in Home Depot by 24.6% in the 4th quarter. Motiv8 Investments LLC now owns 3,010 shares of the home improvement retailer’s stock valued at $1,171,000 after purchasing an additional 594 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada reduced their target price on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research report on Wednesday. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler lowered their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Truist Financial decreased their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Stock Performance

HD opened at $390.44 on Friday. 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 firm’s 50-day moving average price is $401.27 and its 200 day moving average price is $398.37. The firm has a market capitalization of $387.85 billion, a PE ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.36%. Home Depot’s payout ratio is 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.