Roberts Wealth Advisors LLC Sells 3,640 Shares of The Home Depot, Inc. (NYSE:HD)

Roberts Wealth Advisors LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 37.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,999 shares of the home improvement retailer’s stock after selling 3,640 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Home Depot were worth $2,485,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. grew its stake in shares of Home Depot by 2.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 33,885 shares of the home improvement retailer’s stock valued at $13,730,000 after purchasing an additional 836 shares during the period. Acorn Creek Capital LLC grew its stake in shares of Home Depot by 4.0% during the 3rd quarter. Acorn Creek Capital LLC now owns 879 shares of the home improvement retailer’s stock valued at $356,000 after purchasing an additional 34 shares during the period. ERn Financial LLC lifted its position in shares of Home Depot by 4.5% during the 3rd quarter. ERn Financial LLC now owns 3,110 shares of the home improvement retailer’s stock valued at $1,260,000 after buying an additional 135 shares in the last quarter. QV Investors Inc. lifted its position in shares of Home Depot by 0.7% during the 3rd quarter. QV Investors Inc. now owns 10,647 shares of the home improvement retailer’s stock valued at $4,314,000 after buying an additional 70 shares in the last quarter. Finally, Lynch & Associates IN lifted its position in shares of Home Depot by 12.0% during the 3rd quarter. Lynch & Associates IN now owns 5,896 shares of the home improvement retailer’s stock valued at $2,389,000 after buying an additional 633 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. Melius Research initiated coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Jefferies Financial Group initiated coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. Stifel Nicolaus lowered their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Royal Bank of Canada lowered their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Stock Performance

NYSE HD opened at $415.84 on Wednesday. The company has a market cap of $412.35 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.88 and a beta of 1.00. 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 business’s 50 day moving average price is $380.90 and its 200-day moving average price is $357.37. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 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.