Enterprise Bank & Trust Co increased its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,071 shares of the home improvement retailer’s stock after purchasing an additional 100 shares during the quarter. Home Depot accounts for 1.2% of Enterprise Bank & Trust Co’s portfolio, making the stock its 24th biggest holding. Enterprise Bank & Trust Co’s holdings in Home Depot were worth $2,549,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Insight Wealth Strategies LLC increased its holdings in Home Depot by 0.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock worth $1,830,000 after purchasing an additional 32 shares during the period. Oliver Lagore Vanvalin Investment Group increased its holdings in Home Depot by 5.4% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock worth $178,000 after purchasing an additional 33 shares during the period. Virtue Capital Management LLC increased its holdings in Home Depot by 1.4% during the 3rd quarter. Virtue Capital Management LLC now owns 2,476 shares of the home improvement retailer’s stock worth $683,000 after purchasing an additional 33 shares during the period. Coastal Bridge Advisors LLC increased its holdings in Home Depot by 0.6% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 5,744 shares of the home improvement retailer’s stock worth $1,585,000 after purchasing an additional 34 shares during the period. Finally, Westshore Wealth LLC increased its holdings in Home Depot by 2.8% during the 3rd quarter. Westshore Wealth LLC now owns 1,300 shares of the home improvement retailer’s stock worth $359,000 after purchasing an additional 35 shares during the period. Institutional investors own 68.31% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on HD. Cowen reduced their price objective on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Wedbush raised their price objective on Home Depot from $280.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Robert W. Baird cut their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. StockNews.com began coverage on Home Depot in a report on Thursday. They issued a “hold” rating on the stock. Finally, Truist Financial cut their price target on Home Depot from $382.00 to $352.00 in a report on Wednesday, February 22nd. Thirteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $331.45.
Home Depot Price Performance
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.04. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The business had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. During the same period in the prior year, the business earned $3.21 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. On average, analysts expect that The Home Depot, Inc. will post 15.85 earnings per share for the current fiscal year.
Home Depot Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be paid a $2.09 dividend. This is a boost from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Wednesday, March 8th. Home Depot’s dividend payout ratio (DPR) is presently 50.12%.
Home Depot Company Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
- Get a free copy of the StockNews.com research report on Home Depot (HD)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Get Rating).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.