The Home Depot, Inc. (NYSE:HD) Shares Acquired by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,269 shares of the home improvement retailer’s stock after buying an additional 468 shares during the period. Home Depot makes up 3.1% of Commonwealth Retirement Investments LLC’s holdings, making the stock its 8th biggest holding. Commonwealth Retirement Investments LLC’s holdings in Home Depot were worth $7,402,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth about $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the second quarter worth about $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $455.00 in a research report on Friday. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Sanford C. Bernstein initiated coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $422.81.

Home Depot Stock Performance

Home Depot stock traded down $2.38 during mid-day trading on Tuesday, reaching $405.91. 1,810,765 shares of the company were exchanged, compared to its average volume of 3,365,540. The Home Depot, Inc. has a twelve month low of $287.24 and a twelve month high of $421.56. The firm’s 50-day simple moving average is $395.99 and its two-hundred day simple moving average is $364.77. 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 firm has a market cap of $403.19 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% 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 last year, the firm earned $4.65 EPS. Equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. Home Depot’s dividend payout ratio is currently 60.57%.

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.