Claro Advisors LLC Increases Holdings in The Home Depot, Inc. (NYSE:HD)

Claro Advisors LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 5.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,205 shares of the home improvement retailer’s stock after buying an additional 604 shares during the quarter. Home Depot makes up 0.8% of Claro Advisors LLC’s holdings, making the stock its 27th largest position. Claro Advisors LLC’s holdings in Home Depot were worth $4,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in HD. Bey Douglas LLC acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $913,000. Hartline Investment Corp boosted its position in shares of Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after buying an additional 460 shares during the period. Wolf Group Capital Advisors increased its stake in Home Depot by 6.1% during the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares during the period. Alliance Wealth Management Group acquired a new stake in shares of Home Depot in the fourth quarter valued at $253,000. Finally, Zullo Investment Group Inc. increased its stake in shares of Home Depot by 6.6% during the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on HD shares. Truist Financial dropped their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Bank of America raised their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wedbush restated an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research report on Friday, May 10th. Finally, Evercore ISI boosted their price objective on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Performance

Shares of HD stock opened at $336.19 on Tuesday. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a market capitalization of $333.37 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.38 and a beta of 0.99. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company’s 50-day simple moving average is $338.51 and its 200-day simple moving average is $352.80.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same period in the prior year, the company earned $3.82 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Insider Activity

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.