Talbot Financial LLC Acquires 183 Shares of The Home Depot, Inc. (NYSE:HD)

Talbot Financial LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,433 shares of the home improvement retailer’s stock after buying an additional 183 shares during the quarter. Home Depot comprises approximately 1.9% of Talbot Financial LLC’s investment portfolio, making the stock its 17th biggest holding. Talbot Financial LLC’s holdings in Home Depot were worth $15,573,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group upped their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Loop Capital raised their target price on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. Finally, Truist Financial lowered their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $398.54.

Home Depot Stock Performance

Shares of HD stock opened at $414.23 on Wednesday. The stock has a market capitalization of $410.76 billion, a PE ratio of 27.78, a PEG ratio of 2.71 and a beta of 1.00. The business’s 50 day simple moving average is $374.21 and its 200 day simple moving average is $356.13. 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 Home Depot, Inc. has a one year low of $274.26 and a one year high of $415.29.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is 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.