Triton Wealth Management PLLC Has $646,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Triton Wealth Management PLLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,577 shares of the home improvement retailer’s stock after purchasing an additional 78 shares during the quarter. Triton Wealth Management PLLC’s holdings in Home Depot were worth $646,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. DA Davidson increased their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Truist Financial reduced their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $398.54.

Home Depot Trading Down 0.8 %

Shares of HD traded down $3.22 on Friday, reaching $408.36. 3,989,606 shares of the company’s stock were exchanged, compared to its average volume of 3,392,598. The business has a 50 day moving average price of $373.28 and a two-hundred day moving average price of $356.40. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $412.97. The stock has a market capitalization of $404.94 billion, a P/E ratio of 27.39, a price-to-earnings-growth 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.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating 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 company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 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.