The Home Depot, Inc. (NYSE:HD) Stock Holdings Cut by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its position in The Home Depot, Inc. (NYSE:HD) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,400 shares of the home improvement retailer’s stock after selling 653 shares during the period. Home Depot makes up 0.7% of Wedbush Securities Inc.’s holdings, making the stock its 16th largest position. Wedbush Securities Inc.’s holdings in Home Depot were worth $19,994,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer’s stock worth $596,140,000 after acquiring an additional 141,915 shares during the last quarter. United Bank boosted its position in shares of Home Depot by 4.2% in the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer’s stock valued at $1,806,000 after purchasing an additional 181 shares during the period. Morse Asset Management Inc raised its holdings in Home Depot by 12.9% during the 3rd quarter. Morse Asset Management Inc now owns 30,497 shares of the home improvement retailer’s stock worth $12,357,000 after buying an additional 3,493 shares during the period. Temasek Holdings Private Ltd raised its holdings in Home Depot by 24.2% during the 3rd quarter. Temasek Holdings Private Ltd now owns 114,449 shares of the home improvement retailer’s stock worth $46,375,000 after buying an additional 22,320 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in Home Depot during the third quarter valued at about $30,714,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.6 %

HD opened at $353.78 on Friday. The firm has a market cap of $351.67 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 4.03 and a beta of 1.08. 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 business has a 50 day moving average price of $384.89 and a 200 day moving average price of $398.15. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve 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, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is currently 61.66%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HD. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Wedbush reissued an “outperform” rating and set a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial reduced their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Gordon Haskett downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Friday. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $435.85.

About Home Depot

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.