Udine Wealth Management Inc. Acquires 103 Shares of The Home Depot, Inc. (NYSE:HD)

Udine Wealth Management Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,416 shares of the home improvement retailer’s stock after acquiring an additional 103 shares during the quarter. Home Depot comprises approximately 1.5% of Udine Wealth Management Inc.’s holdings, making the stock its 14th largest holding. Udine Wealth Management Inc.’s holdings in Home Depot were worth $2,195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Home Depot in the second quarter worth $25,000. Kings Path Partners LLC bought a new stake in Home Depot in the second quarter worth $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter worth $38,000. Livelsberger Financial Advisory bought a new stake in Home Depot in the fourth quarter worth $39,000. Finally, Denver PWM LLC bought a new stake in Home Depot in the second quarter worth $40,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 1.5 %

Home Depot stock opened at $414.23 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $415.29. The company has a market capitalization of $410.76 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The stock has a 50-day moving average price of $374.21 and a 200 day moving average price of $356.13.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors 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 2.17%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Stifel Nicolaus reduced their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Loop Capital increased their target price on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Evercore ISI reduced their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $398.54.

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.