Quad Cities Investment Group LLC bought a new position in shares of Home Depot Inc (NYSE:HD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,955 shares of the home improvement retailer’s stock, valued at approximately $350,000.

Several other hedge funds have also made changes to their positions in HD. Cypress Wealth Services LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $369,000. Aries Wealth Management purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $1,584,000. Benedict Financial Advisors Inc. lifted its holdings in shares of Home Depot by 4.5% during the fourth quarter. Benedict Financial Advisors Inc. now owns 6,592 shares of the home improvement retailer’s stock valued at $1,249,000 after purchasing an additional 285 shares during the last quarter. Hedeker Wealth LLC lifted its holdings in shares of Home Depot by 4.5% during the fourth quarter. Hedeker Wealth LLC now owns 11,795 shares of the home improvement retailer’s stock valued at $2,235,000 after purchasing an additional 513 shares during the last quarter. Finally, Concentric Wealth Management LLC lifted its holdings in shares of Home Depot by 7.2% during the fourth quarter. Concentric Wealth Management LLC now owns 6,392 shares of the home improvement retailer’s stock valued at $1,211,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

In related news, Director Stephanie Linnartz bought 1,000 shares of the business’s stock in a transaction on Friday, June 1st. The stock was acquired at an average price of $187.57 per share, with a total value of $187,570.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

NYSE:HD opened at $195.56 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.17 and a debt-to-equity ratio of 14.37. Home Depot Inc has a 12 month low of $146.89 and a 12 month high of $207.60. The company has a market capitalization of $226.44 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 1.50 and a beta of 1.14.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. sell-side analysts forecast that Home Depot Inc will post 9.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.11%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

HD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective for the company in a report on Tuesday, July 17th. Wells Fargo & Co initiated coverage on shares of Home Depot in a report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 price objective for the company. Credit Suisse Group set a $222.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a report on Monday, May 14th. Bank of America restated a “buy” rating and issued a $215.00 price objective on shares of Home Depot in a report on Tuesday, May 15th. Finally, Loop Capital set a $200.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and an average target price of $203.35.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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