Monograph Wealth Advisors LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,752 shares of the home improvement retailer’s stock, valued at approximately $576,000.
Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Home Depot in the fourth quarter worth $4,850,329,000. Wellington Management Group LLP raised its holdings in shares of Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Cardano Risk Management B.V. raised its holdings in shares of Home Depot by 901.5% during the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after purchasing an additional 2,961,979 shares during the period. Diamant Asset Management Inc. raised its holdings in shares of Home Depot by 33,026.3% during the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after purchasing an additional 2,334,956 shares during the period. Finally, J. Stern & Co. LLP boosted its position in shares of Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after purchasing an additional 2,217,607 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Trading Up 0.0%
Shares of Home Depot stock opened at $331.73 on Thursday. The firm has a market cap of $330.77 billion, a PE ratio of 23.56, a P/E/G ratio of 3.83 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The stock has a fifty day moving average price of $328.39 and a 200-day moving average price of $344.95.
Home Depot Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. HSBC cut their target price on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. DA Davidson reduced their price target on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Gordon Haskett boosted their price target on shares of Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Finally, Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.
View Our Latest Analysis on HD
Home Depot Profile
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
See Also
- Five stocks we like better than Home Depot
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
