Mercer Global Advisors Inc. ADV Acquires 12,682 Shares of The Home Depot, Inc. (NYSE:HD)

Mercer Global Advisors Inc. ADV raised its holdings in The Home Depot, Inc. (NYSE:HD) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,978 shares of the home improvement retailer’s stock after purchasing an additional 12,682 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Home Depot were worth $119,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of HD. Purus Wealth Management LLC grew its stake in shares of Home Depot by 4.2% during the 2nd quarter. Purus Wealth Management LLC now owns 1,852 shares of the home improvement retailer’s stock worth $638,000 after acquiring an additional 75 shares during the period. Meridian Wealth Partners LLC raised its holdings in shares of Home Depot by 0.8% during the 2nd quarter. Meridian Wealth Partners LLC now owns 6,372 shares of the home improvement retailer’s stock valued at $2,194,000 after buying an additional 52 shares in the last quarter. Financial & Tax Architects LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at about $413,000. Fairway Wealth LLC bought a new position in Home Depot during the 2nd quarter worth approximately $25,000. Finally, Abbot Financial Management Inc. grew its position in Home Depot by 3.5% during the 2nd quarter. Abbot Financial Management Inc. now owns 8,144 shares of the home improvement retailer’s stock worth $2,804,000 after acquiring an additional 279 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $383.46 on Wednesday. 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 Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The business’s 50-day moving average price is $362.82 and its 200 day moving average price is $353.92. The firm has a market cap of $380.24 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the company posted $4.65 earnings per share. The business’s revenue was up .6% on a year-over-year basis. On average, equities research 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 declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. DA Davidson boosted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, UBS Group upped their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

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.