Raymond James & Associates Purchases 2,273 Shares of The Home Depot, Inc. (NYSE:HD)

Raymond James & Associates lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 0.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,558,347 shares of the home improvement retailer’s stock after acquiring an additional 2,273 shares during the quarter. Home Depot accounts for about 0.9% of Raymond James & Associates’ holdings, making the stock its 13th biggest holding. Raymond James & Associates’ holdings in Home Depot were worth $1,441,842,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Fairway Wealth LLC purchased a new position in shares of Home Depot during the second quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $33,000. Denver PWM LLC purchased a new stake in Home Depot in the second quarter worth $40,000. Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the second quarter worth $47,000. Finally, Quarry LP raised its holdings in Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.1 %

Shares of NYSE HD opened at $415.00 on Friday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $421.56. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a market cap of $411.52 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.88 and a beta of 1.00. The business’s 50 day moving average price is $385.10 and its 200-day moving average price is $358.50.

Home Depot (NYSE:HD) last released 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. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.65 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current 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 paid 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 yield of 2.17%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HD. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. 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. Finally, UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $404.69.

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.