WD Rutherford LLC Has $5.05 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

WD Rutherford LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,454 shares of the home improvement retailer’s stock after purchasing an additional 531 shares during the period. Home Depot accounts for approximately 2.5% of WD Rutherford LLC’s portfolio, making the stock its 8th biggest position. WD Rutherford LLC’s holdings in Home Depot were worth $5,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC raised its holdings in shares of Home Depot by 17.5% during the first quarter. Woodmont Investment Counsel LLC now owns 14,537 shares of the home improvement retailer’s stock worth $5,576,000 after acquiring an additional 2,167 shares during the period. Applied Capital LLC FL boosted its position in shares of Home Depot by 2.6% during the first quarter. Applied Capital LLC FL now owns 6,611 shares of the home improvement retailer’s stock worth $2,536,000 after buying an additional 170 shares during the period. Capital Advisors Ltd. LLC boosted its position in shares of Home Depot by 2.3% during the first quarter. Capital Advisors Ltd. LLC now owns 2,909 shares of the home improvement retailer’s stock worth $1,116,000 after buying an additional 66 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Home Depot by 66.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 36,686 shares of the home improvement retailer’s stock worth $14,073,000 after buying an additional 14,609 shares in the last quarter. Finally, MV Capital Management Inc. raised its position in Home Depot by 1.2% in the 1st quarter. MV Capital Management Inc. now owns 8,087 shares of the home improvement retailer’s stock valued at $3,102,000 after buying an additional 94 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 0.6 %

Shares of HD opened at $392.60 on Thursday. 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 Home Depot, Inc. has a 12 month low of $281.61 and a 12 month high of $421.56. The firm’s 50 day moving average is $391.61 and its 200-day moving average is $361.03. The stock has a market capitalization of $389.31 billion, a PE ratio of 26.33, a P/E/G ratio of 2.78 and a beta of 1.00.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Analysts Set New Price Targets

HD has been the subject of a number of recent research reports. Oppenheimer upped their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Truist Financial increased their price objective on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $413.48.

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.