Eagle Global Advisors LLC Acquires 45 Shares of The Home Depot, Inc. (NYSE:HD)

Eagle Global Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 63,512 shares of the home improvement retailer’s stock after buying an additional 45 shares during the period. Home Depot accounts for approximately 1.0% of Eagle Global Advisors LLC’s holdings, making the stock its 22nd biggest position. Eagle Global Advisors LLC’s holdings in Home Depot were worth $24,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Principal Financial Group Inc. increased 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 purchasing an additional 141,915 shares during the last quarter. Bangor Savings Bank boosted its stake in shares of Home Depot by 0.8% during the 4th quarter. Bangor Savings Bank now owns 3,609 shares of the home improvement retailer’s stock worth $1,404,000 after acquiring an additional 30 shares during the last quarter. Diversified Trust Co grew its position in shares of Home Depot by 21.5% during the 4th quarter. Diversified Trust Co now owns 47,804 shares of the home improvement retailer’s stock valued at $18,596,000 after acquiring an additional 8,464 shares during the period. Spartan Planning & Wealth Management purchased a new stake in shares of Home Depot in the 4th quarter worth $790,000. Finally, One Wealth Capital Management LLC purchased a new position in Home Depot during the fourth quarter valued at $411,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HD shares. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Piper Sandler reduced their price objective on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial boosted their price objective on Home Depot from $391.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird decreased their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $430.12.

Home Depot Stock Performance

HD opened at $359.58 on Wednesday. The firm’s 50-day moving average price is $359.78 and its 200-day moving average price is $389.58. The company has a market cap of $357.43 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 Home Depot, Inc. has a 52-week low of $323.77 and a 52-week 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $39.15 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared 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 2.56%. 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 is 61.66%.

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.