The Home Depot, Inc. (NYSE:HD) Shares Purchased by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,869 shares of the home improvement retailer’s stock after acquiring an additional 102 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Home Depot were worth $1,163,000 at the end of the most recent reporting period.

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

Home Depot Stock Performance

Shares of HD opened at $416.07 on Thursday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03. The company has a 50-day moving average of $376.18 and a two-hundred day moving average of $356.72. 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 $412.58 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.71 and a beta of 1.00.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HD shares. Royal Bank of Canada lowered their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. DA Davidson boosted their target price 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. Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Finally, Truist Financial dropped their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $402.38.

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.