The Home Depot, Inc. (NYSE:HD) is Woodstock Corp’s 5th Largest Position

Woodstock Corp decreased its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,073 shares of the home improvement retailer’s stock after selling 444 shares during the quarter. Home Depot accounts for approximately 2.5% of Woodstock Corp’s holdings, making the stock its 5th biggest position. Woodstock Corp’s holdings in Home Depot were worth $18,659,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $28,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot during the 1st quarter valued at about $27,000. First Personal Financial Services increased its position in shares of Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 43 shares during the last quarter. Align Wealth Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $30,000. Finally, Bellwether Advisors LLC increased its position in shares of Home Depot by 74.0% during the 3rd quarter. Bellwether Advisors LLC now owns 127 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $288.39 on Friday. The stock’s fifty day moving average is $310.70 and its 200 day moving average is $303.66. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $347.25. The firm has a market capitalization of $295.23 billion, a PE ratio of 17.29, a PEG ratio of 1.61 and a beta of 0.93. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41.

Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.04. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The company had revenue of $35.83 billion for the quarter, compared to analyst estimates of $36 billion. During the same quarter in the prior year, the firm posted $3.21 EPS. Home Depot’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.85 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be paid a $2.09 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a yield of 2.90%. Home Depot’s dividend payout ratio (DPR) is presently 50.12%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HD. Wedbush upped their price target on shares of Home Depot from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, February 22nd. Piper Sandler cut their price objective on Home Depot from $320.00 to $300.00 in a research note on Wednesday, February 15th. Robert W. Baird cut their price objective on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. Barclays cut their price objective on Home Depot from $323.00 to $310.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. Finally, Telsey Advisory Group dropped their price target on Home Depot from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.45.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.