Roof Eidam Maycock Peralta LLC boosted its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 13.3% in the third quarter, Holdings Channel.com reports. The firm owned 868 shares of the home improvement retailer’s stock after buying an additional 102 shares during the quarter. Roof Eidam Maycock Peralta LLC’s holdings in Home Depot were worth $352,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the second quarter valued at $33,000. Denver PWM LLC bought a new position in shares of Home Depot during the second quarter valued at $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the third quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the second quarter valued at $47,000. Institutional investors own 70.86% of the company’s stock.
Home Depot Stock Down 2.0 %
Shares of HD opened at $406.52 on Tuesday. The business’s 50 day moving average is $386.31 and its 200 day moving average is $358.83. The company has a market capitalization of $403.11 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.
Analyst Ratings Changes
HD has been the topic of several recent analyst reports. DA Davidson increased their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Wednesday, October 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Finally, UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $410.67.
Read Our Latest Report on Home Depot
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.
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