Federated Hermes Inc. Sells 2,313 Shares of The Home Depot, Inc. (NYSE:HD)

Federated Hermes Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,402 shares of the home improvement retailer’s stock after selling 2,313 shares during the period. Federated Hermes Inc.’s holdings in Home Depot were worth $37,499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HD. Aster Capital Management DIFC Ltd increased its position in Home Depot by 3.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,048 shares of the home improvement retailer’s stock worth $1,575,000 after acquiring an additional 135 shares during the period. Sepio Capital LP acquired a new position in shares of Home Depot during the 4th quarter worth approximately $328,000. Titleist Asset Management LLC increased its holdings in shares of Home Depot by 72.0% during the fourth quarter. Titleist Asset Management LLC now owns 2,983 shares of the home improvement retailer’s stock worth $1,160,000 after purchasing an additional 1,249 shares during the period. Quadrant Capital Group LLC raised its position in shares of Home Depot by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 16,236 shares of the home improvement retailer’s stock valued at $6,316,000 after buying an additional 217 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Home Depot by 35.7% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 152,096 shares of the home improvement retailer’s stock valued at $59,164,000 after buying an additional 40,000 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 3.7 %

Shares of HD opened at $340.95 on Tuesday. The company has a market capitalization of $338.91 billion, a PE ratio of 23.16, a PEG ratio of 4.03 and a beta of 1.09. The stock’s 50-day moving average price is $383.21 and its two-hundred day moving average price is $398.00. 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.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The company 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 firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.70%. Home Depot’s payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HD shares. Wedbush restated an “outperform” rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial cut 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 report on Wednesday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Royal Bank of Canada dropped 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, February 26th. Finally, Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $435.85.

Home Depot 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.