TruWealth Advisors LLC Has $2.64 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

TruWealth Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 2.5% in the third quarter, HoldingsChannel.com reports. The fund owned 6,520 shares of the home improvement retailer’s stock after acquiring an additional 157 shares during the period. TruWealth Advisors LLC’s holdings in Home Depot were worth $2,642,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Lynch & Associates IN raised its position in Home Depot by 12.5% during the first quarter. Lynch & Associates IN now owns 4,978 shares of the home improvement retailer’s stock worth $1,910,000 after acquiring an additional 553 shares in the last quarter. Woodstock Corp raised its holdings in shares of Home Depot by 0.3% in the 1st quarter. Woodstock Corp now owns 59,613 shares of the home improvement retailer’s stock valued at $22,868,000 after purchasing an additional 172 shares during the period. Alaska Permanent Fund Corp bought a new stake in shares of Home Depot in the 1st quarter valued at about $96,000. Stolper Co lifted its stake in Home Depot by 0.5% in the 1st quarter. Stolper Co now owns 12,851 shares of the home improvement retailer’s stock valued at $4,930,000 after purchasing an additional 65 shares during the last quarter. Finally, Montecito Bank & Trust increased its position in Home Depot by 0.6% during the first quarter. Montecito Bank & Trust now owns 5,593 shares of the home improvement retailer’s stock worth $2,145,000 after buying an additional 33 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock opened at $415.75 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market cap of $412.26 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The company has a 50 day moving average of $383.77 and a 200-day moving average of $358.20. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year 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 business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid 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%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HD. Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. DA Davidson raised 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. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. Piper Sandler raised their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.69.

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.