Lindenwold Advisors INC Has $2.39 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Lindenwold Advisors INC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,895 shares of the home improvement retailer’s stock after purchasing an additional 58 shares during the period. Home Depot makes up 1.2% of Lindenwold Advisors INC’s investment portfolio, making the stock its 24th biggest holding. Lindenwold Advisors INC’s holdings in Home Depot were worth $2,389,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter valued at about $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the 2nd quarter valued at approximately $33,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter worth approximately $46,000. Denver PWM LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 51 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.6 %

Shares of NYSE:HD opened at $410.44 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $407.69 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The company’s 50-day moving average price is $400.41 and its two-hundred day moving average price is $367.33.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.81 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HD shares. UBS Group upped their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Melius Research started coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $426.00.

About Home Depot

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.