Glass Wealth Management Co LLC Purchases 59 Shares of The Home Depot, Inc. (NYSE:HD)

Glass Wealth Management Co LLC increased its position in The Home Depot, Inc. (NYSE:HD) by 10.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 649 shares of the home improvement retailer’s stock after buying an additional 59 shares during the period. Glass Wealth Management Co LLC’s holdings in Home Depot were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Home Depot Stock Performance

HD stock opened at $381.55 on Wednesday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a market cap of $379.02 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The business’s fifty day moving average is $401.00 and its 200-day moving average is $399.71.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted $2.82 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.41%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analyst Ratings Changes

HD has been the topic of several research reports. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Mizuho upped their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler decreased their price objective on Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $436.50.

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.