Zevin Asset Management LLC Raises Stake in The Home Depot, Inc. (NYSE:HD)

Zevin Asset Management LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,801 shares of the home improvement retailer’s stock after buying an additional 3,104 shares during the quarter. Zevin Asset Management LLC’s holdings in Home Depot were worth $8,480,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC grew its holdings in Home Depot by 8.7% in the 4th quarter. Kestra Advisory Services LLC now owns 151,076 shares of the home improvement retailer’s stock valued at $58,767,000 after buying an additional 12,100 shares in the last quarter. HMV Wealth Advisors LLC purchased a new stake in Home Depot in the 4th quarter valued at $1,305,000. First National Trust Co grew its holdings in Home Depot by 2.0% in the 4th quarter. First National Trust Co now owns 61,591 shares of the home improvement retailer’s stock valued at $23,958,000 after buying an additional 1,229 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Home Depot in the 4th quarter valued at $384,000. Finally, Postrock Partners LLC purchased a new stake in Home Depot in the 4th quarter valued at $268,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. Guggenheim restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Piper Sandler lowered their price target on Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada lowered their price target 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. Finally, KGI Securities upgraded Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Nine equities research 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Performance

Shares of HD opened at $351.16 on Friday. The stock has a 50-day simple moving average of $397.43 and a 200-day simple moving average of $399.26. 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 stock has a market capitalization of $348.83 billion, a PE ratio of 23.86, a PEG ratio of 4.03 and a beta of 1.09. 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 the consensus estimate of $3.04 by $0.09. The business 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 business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. 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 firm also recently announced 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 boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.62%. Home Depot’s payout ratio is presently 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.