Tufton Capital Management Has $531,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Tufton Capital Management lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,364 shares of the home improvement retailer’s stock after selling 100 shares during the quarter. Tufton Capital Management’s holdings in Home Depot were worth $531,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 3rd quarter valued at $41,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HD shares. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the company from $356.00 to $410.00 in a report on Wednesday. Guggenheim reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday. Truist Financial cut their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday. Finally, Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Performance

Shares of Home Depot stock opened at $390.44 on Friday. The firm has a market capitalization of $387.85 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business has a 50-day simple moving average of $401.27 and a 200 day simple moving average of $398.37.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is presently 61.66%.

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.