KKM Financial LLC Buys 309 Shares of The Home Depot, Inc. (NYSE:HD)

KKM Financial LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,263 shares of the home improvement retailer’s stock after acquiring an additional 309 shares during the quarter. Home Depot comprises approximately 1.3% of KKM Financial LLC’s investment portfolio, making the stock its 22nd biggest holding. KKM Financial LLC’s holdings in Home Depot were worth $3,214,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. POM Investment Strategies LLC boosted its holdings in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after acquiring an additional 24 shares during the last quarter. Center for Financial Planning Inc. grew its position in Home Depot by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock worth $1,810,000 after purchasing an additional 24 shares during the period. Marino Stram & Associates LLC raised its stake in Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock valued at $431,000 after buying an additional 25 shares during the last quarter. Live Oak Private Wealth LLC lifted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock valued at $1,912,000 after buying an additional 25 shares during the period. Finally, Mezzasalma Advisors LLC boosted its stake in shares of Home Depot by 4.0% in the 4th quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer’s stock worth $255,000 after buying an additional 25 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Royal Bank of Canada decreased their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on Home Depot from $470.00 to $410.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Finally, KGI Securities raised Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $430.32.

Home Depot Price Performance

Home Depot stock opened at $362.55 on Friday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm’s fifty day moving average is $358.23 and its 200 day moving average is $388.76. The company has a market cap of $360.39 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its earnings results 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. The firm had revenue of $39.70 billion for 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 revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is currently 61.66%.

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.