Talisman Wealth Advisors LLC Has $938,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Talisman Wealth Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,412 shares of the home improvement retailer’s stock after selling 34 shares during the quarter. Home Depot accounts for 1.0% of Talisman Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Talisman Wealth Advisors LLC’s holdings in Home Depot were worth $938,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc boosted its position in shares of Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after buying an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock valued at $9,242,000 after buying an additional 3,873 shares during the last quarter. Disciplined Investors L.L.C. bought a new position in Home Depot during the 4th quarter valued at $409,000. JPL Wealth Management LLC purchased a new position in Home Depot during the 4th quarter worth $3,193,000. Finally, Umpqua Bank boosted its holdings in Home Depot by 26.5% during the 4th quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock worth $2,425,000 after acquiring an additional 1,294 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 0.5%

Home Depot stock opened at $379.03 on Tuesday. 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 fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market cap of $376.77 billion, a P/E ratio of 25.75, a PEG ratio of 4.03 and a beta of 1.05. The firm’s fifty day moving average price is $358.40 and its 200-day moving average price is $387.85.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.60 by ($0.04). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. During the same period in the previous year, the firm posted $3.63 earnings per share. Equities research analysts forecast 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 disclosed 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 2.43%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s dividend payout ratio (DPR) is 61.66%.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Truist Financial raised their price target on shares of Home Depot from $391.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Morgan Stanley cut their target price on Home Depot from $450.00 to $410.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Guggenheim reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $430.32.

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.