Somnio Financial Group LLC Takes Position in The Home Depot, Inc. (NYSE:HD)

Somnio Financial Group LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 731 shares of the home improvement retailer’s stock, valued at approximately $252,000. Home Depot comprises about 0.2% of Somnio Financial Group LLC’s portfolio, making the stock its 14th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ruedi Wealth Management Inc. boosted its stake in shares of Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 27 shares in the last quarter. Acorn Creek Capital LLC boosted its stake in shares of 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% in the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after purchasing an additional 29 shares in the last quarter. Talisman Wealth Advisors LLC boosted its stake in shares of Home Depot by 1.2% in the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares in the last quarter. Finally, LMG Wealth Partners LLC boosted its stake in shares of Home Depot by 1.7% in the 2nd quarter. LMG Wealth Partners LLC now owns 1,709 shares of the home improvement retailer’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $405.02 on Tuesday. 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 stock has a market cap of $401.62 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The stock has a 50-day moving average of $368.93 and a 200-day moving average of $355.11. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $405.31.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. DA Davidson lifted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Truist Financial cut their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $394.08.

Home Depot 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.