The Home Depot, Inc. (NYSE:HD) Stake Increased by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,336 shares of the home improvement retailer’s stock after buying an additional 394 shares during the quarter. Home Depot comprises about 4.6% of Borer Denton & Associates Inc.’s portfolio, making the stock its 5th biggest position. Borer Denton & Associates Inc.’s holdings in Home Depot were worth $13,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot during the third quarter valued at approximately $41,000. Finally, Marshall Investment Management LLC purchased a new position in Home Depot in the 4th quarter worth approximately $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.8 %

NYSE HD opened at $360.90 on Wednesday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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’s fifty day moving average price is $392.82 and its 200-day moving average price is $399.16. The stock has a market cap of $358.50 billion, a P/E ratio of 24.52, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.82 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed 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 is Thursday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.55%. Home Depot’s dividend payout ratio is 61.66%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. KGI Securities raised shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Guggenheim reiterated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Wells Fargo & Company increased their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird lowered their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $435.85.

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.