Schrum Private Wealth Management LLC Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

Schrum Private Wealth Management LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 26.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,440 shares of the home improvement retailer’s stock after selling 1,266 shares during the quarter. Home Depot makes up about 1.1% of Schrum Private Wealth Management LLC’s holdings, making the stock its 24th biggest position. Schrum Private Wealth Management LLC’s holdings in Home Depot were worth $1,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SYM FINANCIAL Corp boosted its holdings in shares of Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares during the period. Wealth Group Ltd. purchased a new stake in Home Depot in the third quarter worth $217,000. Swedbank AB lifted its position in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of Home Depot by 81.8% during the 3rd quarter. Impax Asset Management Group plc now owns 9,558 shares of the home improvement retailer’s stock valued at $3,873,000 after buying an additional 4,300 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Home Depot by 2.4% in the 3rd quarter. Amalgamated Bank now owns 215,374 shares of the home improvement retailer’s stock worth $87,270,000 after buying an additional 5,043 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE HD opened at $386.82 on Thursday. The stock has a market cap of $384.25 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a fifty day moving average price of $400.81 and a 200-day moving average price of $399.62. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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, topping analysts’ consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during 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 business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share 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. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is 61.66%.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company upped their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price target on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company 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.