The Home Depot, Inc. (NYSE:HD) Shares Bought by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 139.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,067 shares of the home improvement retailer’s stock after purchasing an additional 7,025 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Home Depot were worth $4,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HD. Fairway Wealth LLC purchased a new position in Home Depot during the second quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $38,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 4th quarter valued at $39,000. Finally, Denver PWM LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. Oppenheimer lifted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Evercore ISI cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Finally, Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $402.38.

Home Depot Price Performance

NYSE:HD opened at $414.23 on Wednesday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $415.29. The stock has a market cap of $410.76 billion, a PE ratio of 27.78, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a 50 day moving average price of $375.22 and a 200 day moving average price of $356.30.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is presently 60.36%.

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.