Blair William & Co. IL Has $293.94 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Blair William & Co. IL lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 755,641 shares of the home improvement retailer’s stock after buying an additional 2,716 shares during the quarter. Home Depot comprises 0.9% of Blair William & Co. IL’s holdings, making the stock its 21st biggest position. Blair William & Co. IL owned 0.08% of Home Depot worth $293,937,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Synergy Asset Management LLC acquired a new position in Home Depot in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter worth $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the fourth quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new position in Home Depot in the third quarter valued at about $41,000. Finally, Marshall Investment Management LLC bought a new stake in Home Depot during the fourth quarter worth about $41,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HD shares. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Guggenheim reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Robert W. Baird cut their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $435.85.

Home Depot Stock Performance

HD stock opened at $362.01 on Thursday. The firm has a market cap of $359.61 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The stock has a 50-day moving average price of $391.94 and a 200-day moving average price 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 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 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 company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the firm posted $2.82 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 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.