Ullmann Wealth Partners Group LLC Purchases 142 Shares of The Home Depot, Inc. (NYSE:HD)

Ullmann Wealth Partners Group LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,373 shares of the home improvement retailer’s stock after acquiring an additional 142 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Home Depot were worth $556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at about $25,000. Kings Path Partners LLC acquired a new stake in 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 valued at approximately $38,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the fourth quarter valued at approximately $39,000. Finally, Denver PWM LLC acquired a new stake in Home Depot during the second quarter valued at approximately $40,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.1 %

Shares of HD traded up $0.42 during trading hours on Tuesday, reaching $415.84. The stock had a trading volume of 3,692,407 shares, compared to its average volume of 3,384,463. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The firm has a 50-day moving average of $379.66 and a 200 day moving average of $357.15. The company has a market cap of $412.35 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping 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 firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business earned $4.65 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal 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 dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.16%. Home Depot’s dividend payout ratio is 60.36%.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Royal Bank of Canada reduced their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Truist Financial boosted their target price on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a report on Monday. Finally, Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $404.69.

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.