DeDora Capital Inc. Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

DeDora Capital Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,030 shares of the home improvement retailer’s stock after purchasing an additional 783 shares during the period. Home Depot makes up approximately 1.7% of DeDora Capital Inc.’s holdings, making the stock its 15th largest holding. DeDora Capital Inc.’s holdings in Home Depot were worth $5,382,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bare Financial Services Inc bought a new position in shares of Home Depot during the fourth quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $27,000. Keener Financial Planning LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC grew its stake in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock traded up $7.32 during mid-day trading on Friday, reaching $342.85. 4,165,054 shares of the company’s stock traded hands, compared to its average volume of 3,606,830. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a 50 day moving average price of $361.75 and a two-hundred day moving average price of $342.08. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The firm has a market capitalization of $339.77 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. Home Depot’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.63%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is currently 59.60%.

Analysts Set New Price Targets

Several analysts recently issued reports on HD shares. Truist Financial reissued a “buy” rating and issued a $417.00 target price on shares of Home Depot in a research note on Wednesday, April 17th. Citigroup raised their target price on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho assumed coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price on the stock. Telsey Advisory Group lifted their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st. Finally, Evercore ISI cut their price objective on Home Depot from $420.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.96.

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

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.