Wealth Dimensions Group Ltd. Has $814,000 Stake in The Home Depot, Inc. (NYSE:HD)

Wealth Dimensions Group Ltd. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,365 shares of the home improvement retailer’s stock after selling 113 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Home Depot were worth $814,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter worth $27,000. Kings Path Partners LLC bought a new stake in Home Depot in the second quarter worth about $33,000. Burkett Financial Services LLC purchased a new position in Home Depot in the fourth quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Home Depot during the 1st quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Home Depot during the 4th quarter valued at approximately $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Evercore ISI decreased their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Royal Bank of Canada reduced their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Truist Financial lowered their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, UBS Group raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Trading Up 1.5 %

NYSE:HD opened at $379.99 on Monday. The company’s 50-day simple moving average is $361.04 and its 200 day simple moving average is $353.92. 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 firm has a market capitalization of $377.44 billion, a P/E ratio of 25.49, a PEG ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for 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 681.27%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.65 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal 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 given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.37%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.