Intellectus Partners LLC Increases Stake in The Home Depot, Inc. (NYSE:HD)

Intellectus Partners LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 36.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,728 shares of the home improvement retailer’s stock after buying an additional 996 shares during the quarter. Intellectus Partners LLC’s holdings in Home Depot were worth $1,450,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in Home Depot by 10.5% in the 4th quarter. Larson Financial Group LLC now owns 8,660 shares of the home improvement retailer’s stock valued at $3,369,000 after buying an additional 824 shares in the last quarter. Arjuna Capital grew its holdings in shares of Home Depot by 17.0% in the fourth quarter. Arjuna Capital now owns 25,537 shares of the home improvement retailer’s stock valued at $9,934,000 after purchasing an additional 3,717 shares during the period. NS Partners Ltd increased its position in Home Depot by 18.9% during the fourth quarter. NS Partners Ltd now owns 3,196 shares of the home improvement retailer’s stock worth $1,243,000 after purchasing an additional 508 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Home Depot during the fourth quarter worth about $5,181,000. Finally, Banco Santander S.A. boosted its holdings in Home Depot by 107.0% in the 4th quarter. Banco Santander S.A. now owns 124,848 shares of the home improvement retailer’s stock valued at $48,565,000 after purchasing an additional 64,538 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HD shares. Truist Financial cut their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Piper Sandler cut their price objective on Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, Robert W. Baird decreased their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Trading Down 1.3 %

NYSE:HD opened at $376.66 on Friday. The stock has a 50-day simple moving average of $400.21 and a 200-day simple moving average of $399.59. The stock has a market cap of $374.16 billion, a P/E ratio of 25.59, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is currently 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.