Interchange Capital Partners LLC Sells 168 Shares of The Home Depot, Inc. (NYSE:HD)

Interchange Capital Partners LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,647 shares of the home improvement retailer’s stock after selling 168 shares during the period. Home Depot comprises approximately 1.1% of Interchange Capital Partners LLC’s holdings, making the stock its 22nd largest holding. Interchange Capital Partners LLC’s holdings in Home Depot were worth $2,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Towercrest Capital Management boosted its holdings in Home Depot by 68.7% in the fourth quarter. Towercrest Capital Management now owns 2,202 shares of the home improvement retailer’s stock worth $857,000 after acquiring an additional 897 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in Home Depot by 2.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 16,718 shares of the home improvement retailer’s stock valued at $6,503,000 after buying an additional 366 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in Home Depot by 2.1% in the fourth quarter. Congress Wealth Management LLC DE now owns 106,270 shares of the home improvement retailer’s stock valued at $41,338,000 after buying an additional 2,160 shares during the last quarter. Clune & Associates LTD. purchased a new stake in Home Depot in the 4th quarter worth approximately $221,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Home Depot in the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 1.0 %

Shares of HD opened at $352.12 on Monday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month 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 has a market capitalization of $349.78 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 4.03 and a beta of 1.09. The stock’s 50-day moving average price is $393.97 and its 200 day moving average price is $399.14.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.61%. Home Depot’s dividend payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Piper Sandler reduced their target price on Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Robert W. Baird cut their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Wedbush restated an “outperform” rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

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.