Willner & Heller LLC Buys 48 Shares of The Home Depot, Inc. (NYSE:HD)

Willner & Heller LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,432 shares of the home improvement retailer’s stock after acquiring an additional 48 shares during the period. Willner & Heller LLC’s holdings in Home Depot were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Novak & Powell Financial Services Inc. acquired a new stake in Home Depot in the 4th quarter valued at approximately $326,000. WNY Asset Management LLC grew its stake in shares of Home Depot by 17.1% in the fourth quarter. WNY Asset Management LLC now owns 2,153 shares of the home improvement retailer’s stock worth $746,000 after acquiring an additional 314 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in Home Depot during the fourth quarter worth $771,000. Kampmann Melissa S. raised its stake in Home Depot by 3.6% during the 4th quarter. Kampmann Melissa S. now owns 4,770 shares of the home improvement retailer’s stock valued at $1,653,000 after purchasing an additional 165 shares during the last quarter. Finally, Peterson Wealth Management boosted its holdings in Home Depot by 4.4% in the 4th quarter. Peterson Wealth Management now owns 4,231 shares of the home improvement retailer’s stock valued at $1,466,000 after purchasing an additional 178 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Evercore ISI dropped their price objective 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. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. Truist Financial reduced their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Wednesday. Finally, DA Davidson boosted their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $402.38.

Home Depot Trading Up 0.5 %

Home Depot stock traded up $1.94 during midday trading on Friday, hitting $411.90. 2,717,431 shares of the stock were exchanged, compared to its average volume of 3,388,611. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $420.03. 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 stock has a market capitalization of $408.45 billion, a PE ratio of 27.63, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a fifty day simple moving average of $378.34 and a two-hundred day simple moving average of $357.12.

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 the consensus estimate of $4.59 by $0.08. The company 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 EPS. Equities research analysts anticipate 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. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.18%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.