The Home Depot, Inc. (NYSE:HD) Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,120 shares of the home improvement retailer’s stock after purchasing an additional 644 shares during the period. Waldron Private Wealth LLC’s holdings in Home Depot were worth $4,506,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pegasus Asset Management Inc. lifted its holdings in shares of Home Depot by 1.8% in the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after purchasing an additional 86 shares in the last quarter. Eastern Bank raised its position in shares of Home Depot by 566.0% during the 3rd quarter. Eastern Bank now owns 112,122 shares of the home improvement retailer’s stock worth $45,432,000 after purchasing an additional 95,288 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Home Depot by 10.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 109,119 shares of the home improvement retailer’s stock worth $44,215,000 after purchasing an additional 10,497 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Home Depot during the 3rd quarter valued at $7,010,000. Finally, RFP Financial Group LLC grew its holdings in Home Depot by 41.9% during the 3rd quarter. RFP Financial Group LLC now owns 19,690 shares of the home improvement retailer’s stock valued at $7,971,000 after buying an additional 5,814 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Truist Financial lifted their price target on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday. They issued a “market perform” rating and a $451.00 target price for the company. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $410.67.

Home Depot Trading Down 0.5 %

NYSE:HD opened at $399.64 on Thursday. The business’s 50-day moving average is $388.23 and its two-hundred day moving average is $359.43. The firm has a market capitalization of $396.29 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $421.56. 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 announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for 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 was up .6% on a year-over-year basis. During the same period last year, the business posted $4.65 EPS. Research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal 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 paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.