Hamel Associates Inc. Purchases 36 Shares of The Home Depot, Inc. (NYSE:HD)

Hamel Associates Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,330 shares of the home improvement retailer’s stock after acquiring an additional 36 shares during the period. Home Depot makes up 1.4% of Hamel Associates Inc.’s portfolio, making the stock its 29th largest holding. Hamel Associates Inc.’s holdings in Home Depot were worth $4,591,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter worth $33,000. Denver PWM LLC purchased a new position in shares of Home Depot in the 2nd quarter worth $40,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 3rd quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot in the 2nd quarter worth $47,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 1.3 %

NYSE HD opened at $403.17 on Wednesday. The company has a fifty day moving average of $396.76 and a 200 day moving average of $365.25. The company has a market capitalization of $400.46 billion, a PE ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01. The Home Depot, Inc. has a 1 year low of $287.24 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

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 given a $2.25 dividend. 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 2.23%. Home Depot’s dividend payout ratio (DPR) is currently 60.57%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HD shares. Royal Bank of Canada lifted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Wednesday, October 2nd. Oppenheimer lifted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Melius Research started coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $424.67.

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.