Castlekeep Investment Advisors LLC Acquires Shares of 1,211,315 The Home Depot, Inc. (NYSE:HD)

Castlekeep Investment Advisors LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,211,315 shares of the home improvement retailer's stock, valued at approximately $471,189,000. Home Depot accounts for approximately 3.1% of Castlekeep Investment Advisors LLC's holdings, making the stock its 7th biggest position. Castlekeep Investment Advisors LLC owned approximately 0.12% of Home Depot as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. K.J. Harrison & Partners Inc raised its position in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after buying an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Home Depot by 19.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after acquiring an additional 3,873 shares in the last quarter. Pensionfund Sabic raised its holdings in Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after acquiring an additional 3,800 shares during the last quarter. Wedmont Private Capital lifted its stake in Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock worth $5,291,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Disciplined Investors L.L.C. acquired a new position in shares of Home Depot during the 4th quarter worth approximately $409,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial increased their price target on shares of Home Depot from $391.00 to $393.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Piper Sandler decreased their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average price target of $430.12.

Home Depot Stock Up 0.9 %

Home Depot stock traded up $3.17 during mid-day trading on Wednesday, hitting $362.55. The company had a trading volume of 2,657,129 shares, compared to its average volume of 3,448,582. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The business has a fifty day moving average of $359.78 and a 200 day moving average of $389.58. The stock has a market cap of $360.38 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for 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%. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $2.82 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were 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 of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.54%. Home Depot's payout ratio is 61.66%.

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.