Darwin Wealth Management LLC Has $2.35 Million Position in The Home Depot, Inc. (NYSE:HD)

Darwin Wealth Management LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,771 shares of the home improvement retailer’s stock after selling 183 shares during the quarter. Darwin Wealth Management LLC’s holdings in Home Depot were worth $2,346,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HD. Charles Schwab Investment Management Inc. lifted its holdings in Home Depot by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares during the period. Northern Trust Corp increased its holdings in Home Depot by 1.3% in the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after acquiring an additional 153,141 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after buying an additional 195,670 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Home Depot by 12,647.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after buying an additional 1,207,388 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD traded up $0.34 during trading hours on Friday, hitting $347.78. 705,582 shares of the company’s stock traded hands, compared to its average volume of 3,317,122. The firm has a market cap of $344.66 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.28 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The business’s fifty day simple moving average is $359.69 and its two-hundred day simple moving average is $343.51. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion during the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 59.60%.

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. Truist Financial restated a “buy” rating and set a $417.00 price objective on shares of Home Depot in a research report on Wednesday, April 17th. Stifel Nicolaus upped their target price on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a report on Friday, February 16th. TD Cowen raised their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, Evercore ISI reduced their price target on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $375.19.

Insider Activity at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.