Founders Financial Alliance LLC Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Founders Financial Alliance LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,238 shares of the home improvement retailer’s stock after acquiring an additional 98 shares during the quarter. Founders Financial Alliance LLC’s holdings in Home Depot were worth $1,803,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HD. Ruedi Wealth Management Inc. boosted its stake in shares of Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after acquiring an additional 27 shares during the last quarter. Acorn Creek Capital LLC lifted its holdings in 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 purchasing an additional 28 shares in the last quarter. STAR Financial Bank boosted its stake in shares of Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the last quarter. Talisman Wealth Advisors LLC grew its holdings in shares of Home Depot by 1.2% during the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after buying an additional 29 shares in the last quarter. Finally, LMG Wealth Partners LLC lifted its stake in shares of Home Depot by 1.7% during the second quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock valued at $588,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Truist Financial lowered their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. 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 report on Wednesday, August 14th. UBS Group lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Piper Sandler increased their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $394.08.

Home Depot Price Performance

Home Depot stock opened at $405.02 on Tuesday. The company has a market capitalization of $401.62 billion, a PE ratio of 27.16, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a 50-day moving average price of $368.93 and a two-hundred day moving average price of $355.11. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $405.31.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 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.