Scissortail Wealth Management LLC Has $5.64 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Scissortail Wealth Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 3,536.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,508 shares of the home improvement retailer's stock after buying an additional 14,109 shares during the period. Home Depot comprises approximately 1.4% of Scissortail Wealth Management LLC's holdings, making the stock its 21st largest holding. Scissortail Wealth Management LLC's holdings in Home Depot were worth $5,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Group Ltd. increased its holdings in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of Home Depot by 2.2% during the fourth quarter. RMR Wealth Builders now owns 11,429 shares of the home improvement retailer's stock worth $4,446,000 after purchasing an additional 246 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Home Depot by 2.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 5,056 shares of the home improvement retailer's stock valued at $1,967,000 after buying an additional 101 shares in the last quarter. ARS Wealth Advisors Group LLC increased its stake in shares of Home Depot by 2.1% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 31,489 shares of the home improvement retailer's stock valued at $12,249,000 after buying an additional 651 shares in the last quarter. Finally, Rockingstone Advisors LLC raised its holdings in shares of Home Depot by 2.6% in the fourth quarter. Rockingstone Advisors LLC now owns 4,675 shares of the home improvement retailer's stock valued at $1,819,000 after buying an additional 120 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Home Depot stock opened at $380.74 on Friday. 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 firm has a market capitalization of $378.46 billion, a P/E ratio of 25.87, a PEG ratio of 4.03 and a beta of 1.05. The business has a 50-day moving average of $358.12 and a 200-day moving average of $388.02. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. The business's revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is currently 61.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HD shares. Gordon Haskett lowered shares of Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Piper Sandler decreased their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. Truist Financial upped their price objective on Home Depot from $391.00 to $393.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $430.32.

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.

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