The Home Depot, Inc. (NYSE:HD) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its stake in The Home Depot, Inc. (NYSE:HD) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,855 shares of the home improvement retailer’s stock after purchasing an additional 250 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Home Depot were worth $2,666,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Synergy Asset Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $32,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 3rd quarter valued at approximately $41,000. Finally, Marshall Investment Management LLC bought a new position in Home Depot during the 4th quarter worth $41,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wedbush reiterated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Guggenheim restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res raised shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

Home Depot Stock Up 0.5 %

Shares of NYSE HD opened at $355.31 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $352.95 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The firm’s 50-day moving average is $394.73 and its 200-day moving average is $398.78. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio is currently 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.