MRP Capital Investments LLC Has $1.24 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

MRP Capital Investments LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 55.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,575 shares of the home improvement retailer’s stock after selling 4,492 shares during the quarter. Home Depot makes up 1.4% of MRP Capital Investments LLC’s holdings, making the stock its 29th largest position. MRP Capital Investments LLC’s holdings in Home Depot were worth $1,239,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in Home Depot by 10.0% in the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after buying an additional 1,698,402 shares during the last quarter. Northern Trust Corp grew its stake in Home Depot by 1.3% in the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock valued at $3,730,889,000 after buying an additional 153,141 shares during the last quarter. Norges Bank acquired a new position in Home Depot in the 4th quarter valued at $3,740,875,000. Moneta Group Investment Advisors LLC grew its stake in Home Depot by 105,205.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after buying an additional 10,984,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.3 %

HD opened at $342.87 on Monday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The firm has a 50-day moving average price of $369.91 and a two-hundred day moving average price of $338.58. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a market capitalization of $339.79 billion, a PE ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the company earned $3.30 EPS. Home Depot’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $2.25 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.62%. Home Depot’s payout ratio is currently 59.60%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HD shares. Evercore ISI raised their target price on shares of Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Wells Fargo & Company increased their price target on shares of Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Citigroup increased their price target on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Truist Financial increased their price target on shares of Home Depot from $386.00 to $417.00 and gave the company a “buy” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $376.35.

Insider Transactions at Home Depot

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

Home Depot 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.