The Home Depot, Inc. (NYSE:HD) Shares Bought by Torray Investment Partners LLC

Torray Investment Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,437 shares of the home improvement retailer’s stock after buying an additional 89 shares during the period. Home Depot accounts for about 2.8% of Torray Investment Partners LLC’s portfolio, making the stock its 4th largest holding. Torray Investment Partners LLC’s holdings in Home Depot were worth $19,230,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exencial Wealth Advisors LLC boosted its holdings in shares of Home Depot by 12.7% during the fourth quarter. Exencial Wealth Advisors LLC now owns 7,746 shares of the home improvement retailer’s stock worth $3,013,000 after acquiring an additional 875 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in Home Depot by 619.8% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 183,949 shares of the home improvement retailer’s stock worth $71,554,000 after purchasing an additional 158,392 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Home Depot in the 4th quarter valued at $217,000. Scratch Capital LLC bought a new position in Home Depot during the 4th quarter worth $226,000. Finally, HFR Wealth Management LLC lifted its holdings in shares of Home Depot by 9.9% during the fourth quarter. HFR Wealth Management LLC now owns 1,471 shares of the home improvement retailer’s stock worth $572,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America raised their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Trading Down 1.9 %

Shares of HD stock opened at $389.03 on Tuesday. The stock has a 50-day moving average of $401.29 and a 200-day moving average of $399.57. 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 stock has a market cap of $386.45 billion, a price-to-earnings ratio of 26.43, a PEG 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.

Home Depot (NYSE:HD) last released its quarterly 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. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.82 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm 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 dividend of $2.30 per share. This is a positive change 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 dividend yield of 2.36%. Home Depot’s dividend payout ratio is presently 61.66%.

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.