The Home Depot, Inc. (NYSE:HD) Shares Purchased by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc raised its holdings in The Home Depot, Inc. (NYSE:HD) by 7.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,021 shares of the home improvement retailer’s stock after acquiring an additional 71 shares during the quarter. O ROURKE & COMPANY Inc’s holdings in Home Depot were worth $414,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Cordatus Wealth Management LLC lifted its position in shares of Home Depot by 1.3% during the 3rd quarter. Cordatus Wealth Management LLC now owns 5,605 shares of the home improvement retailer’s stock valued at $2,271,000 after acquiring an additional 72 shares during the period. United Asset Strategies Inc. grew its holdings in shares of Home Depot by 2.6% in the 3rd quarter. United Asset Strategies Inc. now owns 31,261 shares of the home improvement retailer’s stock worth $12,667,000 after acquiring an additional 785 shares during the period. Whelan Financial purchased a new position in Home Depot in the 3rd quarter valued at approximately $214,000. Rosenberg Matthew Hamilton raised its holdings in Home Depot by 1.6% during the third quarter. Rosenberg Matthew Hamilton now owns 1,860 shares of the home improvement retailer’s stock worth $754,000 after purchasing an additional 29 shares during the last quarter. Finally, Petra Financial Advisors Inc. acquired a new stake in Home Depot in the third quarter valued at $230,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.3 %

HD opened at $392.53 on Friday. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The firm has a 50 day moving average price of $392.51 and a 200 day moving average price of $361.63. 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 $389.90 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.72 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping 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 business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.65 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Stifel Nicolaus cut their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Truist Financial upped their target price on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $413.48.

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.