Corient Private Wealth LLC Has $511.82 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Corient Private Wealth LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,323,361 shares of the home improvement retailer’s stock after buying an additional 206,143 shares during the period. Home Depot comprises approximately 0.8% of Corient Private Wealth LLC’s investment portfolio, making the stock its 18th biggest position. Corient Private Wealth LLC owned approximately 0.13% of Home Depot worth $511,817,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Greenwich Wealth Management LLC increased its holdings in shares of Home Depot by 2.1% during the fourth quarter. Greenwich Wealth Management LLC now owns 1,853 shares of the home improvement retailer’s stock worth $721,000 after buying an additional 39 shares in the last quarter. Ascent Capital Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth $244,000. one8zero8 LLC acquired a new stake in Home Depot in the fourth quarter valued at $1,159,000. Choate Investment Advisors increased its holdings in Home Depot by 4.6% in the fourth quarter. Choate Investment Advisors now owns 138,312 shares of the home improvement retailer’s stock valued at $53,815,000 after purchasing an additional 6,119 shares during the period. Finally, Diversified Enterprises LLC increased its holdings in Home Depot by 1.9% in the fourth quarter. Diversified Enterprises LLC now owns 4,259 shares of the home improvement retailer’s stock valued at $1,657,000 after purchasing an additional 79 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $351.16 on Friday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market cap of $348.83 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 4.03 and a beta of 1.09. 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 firm’s 50-day simple moving average is $397.43 and its 200 day simple moving average is $399.44.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $39.15 billion. During the same quarter last year, the firm earned $2.82 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm 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. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. KGI Securities upgraded Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Royal Bank of Canada decreased their price objective on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Truist Financial decreased their price objective on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company increased their price objective on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Nine investment 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’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

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.