The Home Depot, Inc. (NYSE:HD) Shares Purchased by Marion Wealth Management

Marion Wealth Management grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,437 shares of the home improvement retailer’s stock after purchasing an additional 230 shares during the quarter. Marion Wealth Management’s holdings in Home Depot were worth $2,608,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the 2nd quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the 1st quarter valued at $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 4th quarter worth $39,000. Finally, Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.4 %

HD stock opened at $409.53 on Tuesday. 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 firm has a market cap of $406.10 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $412.97. The business’s 50 day moving average is $373.28 and its 200-day moving average is $356.04.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

Several equities analysts have issued reports on HD shares. Stifel Nicolaus dropped their target price 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. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. UBS Group lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Evercore ISI dropped their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $398.54.

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.