Master S Wealth Management Inc. Purchases New Position in The Home Depot, Inc. (NYSE:HD)

Master S Wealth Management Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,247 shares of the home improvement retailer’s stock, valued at approximately $485,000. Home Depot makes up about 0.3% of Master S Wealth Management Inc.’s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Principal Financial Group Inc. grew its position in shares of Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock valued at $596,140,000 after acquiring an additional 141,915 shares during the period. Morse Asset Management Inc boosted its position in Home Depot by 12.9% during the third quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer’s stock worth $12,357,000 after purchasing an additional 3,493 shares in the last quarter. Invst LLC grew its holdings in Home Depot by 1.7% in the third quarter. Invst LLC now owns 6,710 shares of the home improvement retailer’s stock valued at $2,719,000 after purchasing an additional 115 shares during the period. McIlrath & Eck LLC increased its position in shares of Home Depot by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,687 shares of the home improvement retailer’s stock valued at $1,089,000 after buying an additional 115 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $1,027,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $353.61 on Wednesday. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The stock’s fifty day moving average is $372.94 and its two-hundred day moving average is $395.38. The company has a market capitalization of $351.50 billion, a P/E ratio of 24.02, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) 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 net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business 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 represents a $9.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. 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. Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada decreased their target price on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.08.

Home Depot Company 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.