Master S Wealth Management Inc. Invests $485,000 in The Home Depot, Inc. (NYSE:HD)

Master S Wealth Management Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,247 shares of the home improvement retailer's stock, valued at approximately $485,000. Home Depot accounts for approximately 0.3% of Master S Wealth Management Inc.'s holdings, making the stock its 17th largest holding.

A number of other institutional investors have also made changes to their positions in the business. POM Investment Strategies LLC grew its stake in shares of Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after acquiring an additional 24 shares in the last quarter. Center for Financial Planning Inc. increased its holdings in Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after purchasing an additional 24 shares during the period. Marino Stram & Associates LLC raised its position in Home Depot by 2.3% in the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after purchasing an additional 25 shares in the last quarter. Live Oak Private Wealth LLC grew its position in shares of Home Depot by 0.5% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after buying an additional 25 shares in the last quarter. Finally, Mezzasalma Advisors LLC increased its stake in shares of Home Depot by 4.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after buying an additional 25 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. Gordon Haskett downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Robert W. Baird cut their target price on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Trading Up 2.6 %

NYSE:HD traded up $8.86 on Friday, reaching $354.85. The stock had a trading volume of 3,231,380 shares, compared to its average volume of 3,470,719. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a market cap of $352.73 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 4.03 and a beta of 1.09. The firm's fifty day moving average is $369.30 and its two-hundred day moving average is $394.08. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. During the same quarter last year, the business earned $2.82 earnings per share. Home Depot's revenue was up 14.1% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.59%. 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. Home Depot's dividend payout ratio (DPR) is presently 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.