Hennion & Walsh Asset Management Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 38.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,116 shares of the home improvement retailer’s stock after purchasing an additional 1,690 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Home Depot were worth $2,157,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. Curio Wealth LLC raised its holdings in shares of Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after acquiring an additional 26 shares in the last quarter. Alesco Advisors LLC raised its stake in Home Depot by 3.2% in the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after buying an additional 27 shares in the last quarter. Canandaigua National Trust Co of Florida raised its stake in Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after buying an additional 27 shares in the last quarter. Moneco Advisors LLC lifted its holdings in Home Depot by 0.3% during the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock worth $3,008,000 after buying an additional 27 shares during the period. Finally, Noesis Capital Mangement Corp lifted its holdings in Home Depot by 1.5% during the fourth quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer’s stock worth $609,000 after buying an additional 27 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.
Home Depot Stock Performance
Shares of HD stock opened at $353.65 on Wednesday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The business’s fifty day simple moving average is $337.39 and its 200-day simple moving average is $342.43. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The company has a market cap of $352.63 billion, a PE ratio of 25.12, a PEG ratio of 4.05 and a beta of 0.95.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.
Analyst Ratings Changes
HD has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Truist Financial dropped their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Wells Fargo & Company lifted their target price on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday. Jefferies Financial Group reduced their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Finally, The Goldman Sachs Group decreased their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $373.14.
Check Out Our Latest Analysis on HD
Home Depot Company 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.
Featured Stories
- Five stocks we like better than Home Depot
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
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.
