Wright Investors Service Inc. Has $10.23 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Wright Investors Service Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,248 shares of the home improvement retailer’s stock after purchasing an additional 315 shares during the quarter. Home Depot makes up 2.7% of Wright Investors Service Inc.’s investment portfolio, making the stock its 6th largest position. Wright Investors Service Inc.’s holdings in Home Depot were worth $10,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HD. Abacus Wealth Partners LLC lifted its holdings in Home Depot by 3.7% in the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after acquiring an additional 25 shares during the last quarter. Ruedi Wealth Management Inc. lifted its holdings in Home Depot by 1.2% in 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 second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after acquiring an additional 28 shares during the last quarter. Talisman Wealth Advisors LLC lifted its holdings in Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after acquiring an additional 29 shares during the last quarter. Finally, LMG Wealth Partners LLC lifted its holdings in Home Depot by 1.7% in the second quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock valued at $588,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on HD shares. Royal Bank of Canada decreased their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. DA Davidson upped their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $398.54.

Home Depot Price Performance

Shares of HD stock traded down $3.22 during midday trading on Friday, reaching $408.36. 3,989,606 shares of the company traded hands, compared to its average volume of 3,392,598. The firm’s 50 day simple moving average is $373.28 and its two-hundred day simple moving average is $356.23. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $412.97. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a market cap of $404.94 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $4.65 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s 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.