The Home Depot, Inc. (NYSE:HD) Stake Decreased by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 57,318 shares of the home improvement retailer’s stock after selling 418 shares during the quarter. Home Depot makes up 1.8% of Stonebridge Capital Advisors LLC’s portfolio, making the stock its 15th largest holding. Stonebridge Capital Advisors LLC’s holdings in Home Depot were worth $22,296,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Synergy Asset Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot in the 4th quarter valued at about $32,000. Sellwood Investment Partners LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $39,000. Finally, NewSquare Capital LLC raised its holdings in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock worth $40,000 after purchasing an additional 68 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on HD shares. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Guggenheim reiterated a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, 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. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.08.

Home Depot Stock Performance

HD stock opened at $357.03 on Thursday. The company has a market capitalization of $354.90 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a 50 day moving average of $365.88 and a two-hundred day moving average of $393.13. 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 announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. 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. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.58%. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s 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.