Coordinated Financial Services Inc. Makes New $1 Million Investment in The Home Depot, Inc. (NYSE:HD)

Coordinated Financial Services Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,572 shares of the home improvement retailer’s stock, valued at approximately $1,001,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Amundi grew its holdings in shares of Home Depot by 8.6% during the 4th quarter. Amundi now owns 7,554,880 shares of the home improvement retailer’s stock valued at $2,925,498,000 after acquiring an additional 599,490 shares in the last quarter. Fairfield Financial Advisors LTD increased its position in Home Depot by 67.5% in the 4th quarter. Fairfield Financial Advisors LTD now owns 402 shares of the home improvement retailer’s stock worth $156,000 after purchasing an additional 162 shares during the last quarter. Naviter Wealth LLC increased its holdings in Home Depot by 39.3% in the fourth quarter. Naviter Wealth LLC now owns 11,150 shares of the home improvement retailer’s stock worth $4,337,000 after buying an additional 3,146 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth about $261,000. Finally, Hamilton Capital Partners LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $6,006,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HD shares. Guggenheim reiterated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Mizuho raised their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Robert W. Baird cut their price target on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Stock Down 1.3 %

Shares of Home Depot stock opened at $376.66 on Friday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week 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. The business’s 50 day simple moving average is $400.21 and its 200 day simple moving average is $399.81. The firm has a market cap of $374.16 billion, a PE ratio of 25.59, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last released its earnings results 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 business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, analysts predict 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 given a dividend of $2.30 per share. The ex-dividend date is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.44%. Home Depot’s dividend payout ratio is 61.66%.

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.