Carmel Capital Partners LLC lowered its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,953 shares of the home improvement retailer’s stock after selling 567 shares during the quarter. Home Depot comprises approximately 19.4% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Carmel Capital Partners LLC’s holdings in Home Depot were worth $28,097,000 as of its most recent SEC filing.

→ Bank Accounts: Frozen! (From Weiss Ratings)

A number of other institutional investors have also recently bought and sold shares of the stock. Aletheian Wealth Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $241,000. Wealth Alliance Advisory Group LLC raised its holdings in shares of Home Depot by 1.5% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 2,611 shares of the home improvement retailer’s stock valued at $825,000 after purchasing an additional 39 shares during the last quarter. Veracity Capital LLC raised its holdings in shares of Home Depot by 16.0% in the fourth quarter. Veracity Capital LLC now owns 2,881 shares of the home improvement retailer’s stock valued at $910,000 after purchasing an additional 398 shares during the last quarter. Teamwork Financial Advisors LLC raised its holdings in shares of Home Depot by 1.4% in the fourth quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock valued at $729,000 after purchasing an additional 31 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC raised its holdings in shares of Home Depot by 78.1% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 4,441 shares of the home improvement retailer’s stock valued at $1,403,000 after purchasing an additional 1,948 shares during the last quarter. Institutional investors own 68.31% of the company’s stock.

Home Depot Trading Up 0.5 %

Shares of Home Depot stock opened at $283.91 on Friday. The firm has a 50-day moving average of $307.66 and a 200-day moving average of $303.56. The stock has a market cap of $288.16 billion, a PE ratio of 17.02, a PEG ratio of 1.63 and a beta of 0.93. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $347.25. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41.

Home Depot (NYSE:HD – Get Rating) last announced its 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. The company had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. Home Depot’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.21 earnings per share. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were given a dividend of $2.09 per share. This is a boost from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date was Wednesday, March 8th. This represents a $8.36 annualized dividend and a yield of 2.94%. Home Depot’s dividend payout ratio is currently 50.12%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HD shares. Piper Sandler lowered their price objective on shares of Home Depot from $320.00 to $300.00 in a report on Wednesday, February 15th. Bank of America lowered their price objective on shares of Home Depot from $360.00 to $346.00 in a report on Wednesday, February 22nd. Morgan Stanley lowered their target price on shares of Home Depot from $360.00 to $340.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. Evercore ISI lowered their target price on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, February 22nd. Finally, Truist Financial lowered their target price on shares of Home Depot from $382.00 to $352.00 in a report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.45.

About Home Depot

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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.

See Also

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).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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