Invenio Wealth Partners LLC Purchases 30 Shares of The Home Depot, Inc. (NYSE:HD)

Invenio Wealth Partners LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,697 shares of the home improvement retailer’s stock after purchasing an additional 30 shares during the quarter. Invenio Wealth Partners LLC’s holdings in Home Depot were worth $660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC bought a new position in Home Depot in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the fourth quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $32,000. Sellwood Investment Partners LLC bought a new stake in shares of Home Depot in the fourth quarter worth $39,000. Finally, NewSquare Capital LLC grew its position in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after buying an additional 68 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 2.5 %

Shares of NYSE HD opened at $366.95 on Tuesday. The business has a 50-day moving average of $389.13 and a 200-day moving average of $398.94. The firm has a market capitalization of $364.76 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.51%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. Royal Bank of Canada decreased 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. Wells Fargo & Company lifted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Wedbush reiterated an “outperform” rating and set a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Finally, Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $435.85.

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.