Steward Partners Investment Advisory LLC Has $78.08 Million Stake in The Home Depot, Inc. (NYSE:HD)

Steward Partners Investment Advisory LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 200,725 shares of the home improvement retailer’s stock after selling 731 shares during the period. Home Depot makes up approximately 0.7% of Steward Partners Investment Advisory LLC’s portfolio, making the stock its 21st biggest holding. Steward Partners Investment Advisory LLC’s holdings in Home Depot were worth $78,080,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. SYM FINANCIAL Corp lifted its position in shares of Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after buying an additional 289 shares in the last quarter. Wealth Group Ltd. bought a new position in shares of Home Depot during the 3rd quarter worth approximately $217,000. Swedbank AB lifted its position in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares in the last quarter. Optas LLC lifted its position in shares of Home Depot by 14.3% during the 3rd quarter. Optas LLC now owns 2,076 shares of the home improvement retailer’s stock worth $841,000 after buying an additional 260 shares in the last quarter. Finally, Private Wealth Partners LLC lifted its position in shares of Home Depot by 3.2% during the 3rd quarter. Private Wealth Partners LLC now owns 43,941 shares of the home improvement retailer’s stock worth $17,805,000 after buying an additional 1,374 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.9 %

Shares of NYSE:HD opened at $389.03 on Tuesday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a fifty day moving average of $401.29 and a 200 day moving average of $399.57. The firm has a market capitalization of $386.45 billion, a PE ratio of 26.43, 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 quick ratio of 0.31 and a current ratio of 1.13.

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

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.36%. Home Depot’s payout ratio is 61.66%.

Analyst Ratings Changes

Several research firms have commented on HD. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Truist Financial dropped their target price on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Piper Sandler dropped their target price on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target 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.