Pettyjohn Wood & White Inc. Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Pettyjohn Wood & White Inc. lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,701 shares of the home improvement retailer’s stock after purchasing an additional 852 shares during the quarter. Home Depot comprises 2.6% of Pettyjohn Wood & White Inc.’s holdings, making the stock its 8th biggest position. Pettyjohn Wood & White Inc.’s holdings in Home Depot were worth $14,276,000 as of its most recent SEC filing.

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

Home Depot Stock Performance

Shares of HD stock opened at $390.44 on Friday. The Home Depot, Inc. has a one year low of $323.77 and a one year 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 firm’s 50 day moving average price is $401.27 and its 200-day moving average price is $398.37. The firm has a market cap of $387.85 billion, a P/E ratio of 26.52, a P/E/G ratio of 4.03 and a beta of 1.05.

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. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period last year, the firm earned $2.82 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced 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 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 2.36%. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $356.00 to $410.00 in a research note on Wednesday. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Robert W. Baird dropped their price target on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $436.50.

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.