The Home Depot, Inc. (NYSE:HD) Stake Raised by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 179,505 shares of the home improvement retailer’s stock after purchasing an additional 647 shares during the period. Home Depot makes up 2.4% of Daymark Wealth Partners LLC’s portfolio, making the stock its 8th biggest position. Daymark Wealth Partners LLC’s holdings in Home Depot were worth $72,735,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Abacus Wealth Partners LLC boosted its holdings in Home Depot by 3.7% in the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after purchasing an additional 25 shares in the last quarter. Ruedi Wealth Management Inc. boosted its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 27 shares in the last quarter. Acorn Creek Capital LLC grew its position in shares of Home Depot by 3.4% in the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after buying an additional 28 shares during the last quarter. Talisman Wealth Advisors LLC raised its stake in Home Depot by 1.2% during the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after acquiring an additional 29 shares in the last quarter. Finally, LMG Wealth Partners LLC lifted its position in Home Depot by 1.7% in the second quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock valued at $588,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HD. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $460.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $402.38.

Home Depot Trading Down 0.6 %

NYSE:HD traded down $2.53 during trading hours on Wednesday, reaching $411.65. 1,299,556 shares of the company were exchanged, compared to its average volume of 3,382,773. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $420.03. The stock has a 50 day simple moving average of $375.22 and a 200 day simple moving average of $356.30. The firm has a market cap of $408.20 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the company posted $4.65 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Home Depot Company 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.