The Home Depot, Inc. (NYSE:HD) Position Boosted by Adalta Capital Management LLC

Adalta Capital Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,184 shares of the home improvement retailer’s stock after acquiring an additional 50 shares during the quarter. Home Depot makes up approximately 5.9% of Adalta Capital Management LLC’s holdings, making the stock its 4th biggest holding. Adalta Capital Management LLC’s holdings in Home Depot were worth $11,352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Group Ltd. raised its stake in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock worth $219,000 after purchasing an additional 27 shares during the period. Tallon Kerry Patrick purchased a new position in shares of Home Depot in the 4th quarter worth $281,000. Capital & Planning LLC boosted its holdings in Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock valued at $418,000 after acquiring an additional 563 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Home Depot in the fourth quarter valued at $634,000. Finally, Stillwater Capital Advisors LLC grew its position in Home Depot by 1.0% during the fourth quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer’s stock valued at $19,760,000 after acquiring an additional 497 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.7%

NYSE HD opened at $376.84 on Wednesday. The company has a market capitalization of $374.59 billion, a price-to-earnings ratio of 25.60, 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 current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company’s fifty day moving average price is $358.99 and its two-hundred day moving average price is $387.78.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced 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 a positive change from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.44%. Home Depot’s dividend payout ratio (DPR) is presently 61.66%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HD. Jefferies Financial Group reduced their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Tuesday. Truist Financial increased their price objective on shares of Home Depot from $393.00 to $417.00 and gave the stock a “buy” rating in a research report on Tuesday. Sanford C. Bernstein lifted their target price on shares of Home Depot from $380.00 to $398.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, HSBC raised shares of Home Depot from a “reduce” rating to a “hold” rating and upped their price target for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $425.32.

Home Depot 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.