Hoertkorn Richard Charles Trims Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Hoertkorn Richard Charles lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 20,064 shares of the home improvement retailer’s stock after selling 820 shares during the period. Home Depot comprises 3.2% of Hoertkorn Richard Charles’ portfolio, making the stock its 11th biggest holding. Hoertkorn Richard Charles’ holdings in Home Depot were worth $7,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $41,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $41,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.2 %

Shares of NYSE HD opened at $362.96 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm’s 50-day moving average price is $391.01 and its 200-day moving average price is $398.65. The stock has a market capitalization of $360.55 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 4.03 and a beta of 1.09.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a yield of 2.53%. Home Depot’s payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HD shares. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Truist Financial dropped their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price objective on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, KGI Securities raised Home Depot to a “strong-buy” rating in a research note on Monday, March 3rd. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $435.85.

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.