137 Shares in The Home Depot, Inc. (NYSE:HD) Purchased by Accredited Wealth Management LLC

Accredited Wealth Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 137 shares of the home improvement retailer’s stock, valued at approximately $53,000.

Several other hedge funds have also added to or reduced their stakes in HD. AlTi Global Inc. raised its stake in shares of Home Depot by 7.4% in the fourth quarter. AlTi Global Inc. now owns 16,576 shares of the home improvement retailer’s stock valued at $6,544,000 after buying an additional 1,149 shares during the period. 4WEALTH Advisors Inc. purchased a new stake in Home Depot in the 4th quarter worth about $529,000. Meiji Yasuda Life Insurance Co raised its stake in Home Depot by 1.1% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 35,902 shares of the home improvement retailer’s stock valued at $13,966,000 after acquiring an additional 403 shares during the period. Pennington Partners & CO. LLC purchased a new stake in Home Depot during the fourth quarter valued at about $369,000. Finally, South Plains Financial Inc. bought a new position in Home Depot during the fourth quarter worth about $662,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.7 %

HD stock opened at $364.41 on Friday. The company has a market capitalization of $362.24 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. 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 Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The company’s 50 day moving average price is $360.97 and its two-hundred day moving average price is $390.34.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.52%. Home Depot’s dividend payout ratio is currently 61.66%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. 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 note on Monday, February 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Piper Sandler reduced their price target on Home Depot from $435.00 to $418.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Finally, Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $434.08.

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.