August 15, 2022

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Mokosak Advisory Group LLC Makes New $213,000 Investment in The Home Depot, Inc. (NYSE:HD)

Mokosak Advisory Group LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 512 shares of the home improvement retailer’s stock, valued at approximately $213,000. Home Depot accounts for approximately 0.1% of Mokosak Advisory Group LLC’s portfolio, making the stock its 26th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased its holdings in shares of Home Depot by 1.6% during the third quarter. Quantinno Capital Management LP now owns 1,730 shares of the home improvement retailer’s stock worth $568,000 after purchasing an additional 27 shares during the period. Trilogy Capital Inc. increased its holdings in shares of Home Depot by 4.0% during the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock worth $304,000 after purchasing an additional 28 shares during the period. Smith Anglin Financial LLC increased its holdings in shares of Home Depot by 1.1% during the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer’s stock worth $1,068,000 after purchasing an additional 28 shares during the period. Charter Oak Capital Management LLC increased its holdings in shares of Home Depot by 1.2% during the third quarter. Charter Oak Capital Management LLC now owns 2,465 shares of the home improvement retailer’s stock worth $809,000 after purchasing an additional 29 shares during the period. Finally, Jackson Hole Capital Partners LLC increased its holdings in shares of Home Depot by 2.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 1,260 shares of the home improvement retailer’s stock worth $414,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 69.52% of the company’s stock.

HD stock opened at $311.11 on Monday. The firm has a market cap of $321.49 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.99 and a beta of 1.04. The company has a quick ratio of 0.24, a current ratio of 1.01 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 12-month low of $293.59 and a 12-month high of $420.61. The company’s fifty day simple moving average is $329.46 and its 200 day simple moving average is $360.86.

Home Depot (NYSE:HDGet Rating) last released its earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.01. The business had revenue of $35.72 billion for the quarter, compared to analyst estimates of $34.85 billion. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. Home Depot’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.74 earnings per share. Research analysts expect that The Home Depot, Inc. will post 16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were paid a $1.90 dividend. This is an increase from Home Depot’s previous quarterly dividend of $1.65. This represents a $7.60 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, March 9th. Home Depot’s payout ratio is 48.97%.

A number of research analysts recently issued reports on HD shares. Piper Sandler decreased their price objective on shares of Home Depot from $342.00 to $314.00 and set a “neutral” rating on the stock in a research note on Thursday. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, February 25th. OTR Global raised shares of Home Depot from a “mixed” rating to a “positive” rating in a research note on Tuesday, February 15th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group decreased their price objective on shares of Home Depot from $455.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $387.08.

In other Home Depot news, EVP Hector A. Padilla sold 504 shares of Home Depot stock in a transaction on Friday, March 25th. The shares were sold at an average price of $309.80, for a total value of $156,139.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Home Depot Profile (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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