Runnymede Capital Advisors Inc. Takes Position in The Home Depot, Inc. (NYSE:HD)

Runnymede Capital Advisors Inc. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 140 shares of the home improvement retailer’s stock, valued at approximately $54,000.

Other institutional investors have also recently made changes to their positions in the company. Cyrus J. Lawrence LLC raised its holdings in shares of Home Depot by 0.3% in the 4th quarter. Cyrus J. Lawrence LLC now owns 27,069 shares of the home improvement retailer’s stock worth $10,529,000 after acquiring an additional 78 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Home Depot by 46.4% in the 4th quarter. Mizuho Securities USA LLC now owns 94,142 shares of the home improvement retailer’s stock worth $36,620,000 after acquiring an additional 29,841 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its holdings in shares of Home Depot by 2.0% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,484 shares of the home improvement retailer’s stock worth $577,000 after acquiring an additional 29 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $7,646,000. Finally, ZEGA Investments LLC acquired a new stake in shares of Home Depot in the 4th quarter worth about $1,060,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.0 %

HD opened at $352.12 on Friday. The company has a 50 day moving average of $393.97 and a 200 day moving average of $398.90. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market cap of $349.78 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating 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 firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period last year, the firm earned $2.82 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.61%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HD. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and upped their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Guggenheim reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial decreased their price objective on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird decreased their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus 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.