The Home Depot, Inc. (NYSE:HD) Shares Acquired by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,885 shares of the home improvement retailer’s stock after buying an additional 836 shares during the period. Home Depot accounts for approximately 2.1% of Jamison Private Wealth Management Inc.’s holdings, making the stock its 9th biggest position. Jamison Private Wealth Management Inc.’s holdings in Home Depot were worth $13,730,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter valued at $38,000. General Partner Inc. lifted its position in Home Depot by 7.6% in the 1st quarter. General Partner Inc. now owns 9,979 shares of the home improvement retailer’s stock valued at $3,828,000 after purchasing an additional 709 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Home Depot during the 1st quarter valued at about $150,524,000. Modus Advisors LLC grew its position in Home Depot by 2.4% in the 1st quarter. Modus Advisors LLC now owns 8,804 shares of the home improvement retailer’s stock worth $3,377,000 after purchasing an additional 208 shares during the last quarter. Finally, Avondale Wealth Management grew its position in Home Depot by 13.3% in the 1st quarter. Avondale Wealth Management now owns 850 shares of the home improvement retailer’s stock worth $326,000 after purchasing an additional 100 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.1 %

HD stock opened at $415.84 on Wednesday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a market capitalization 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 Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The company’s 50 day simple moving average is $380.90 and its 200-day simple moving average is $357.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (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 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 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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 dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. Home Depot’s payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. 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 for the company. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Evercore ISI decreased their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. UBS Group lifted their price objective 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. Finally, Truist Financial increased their target price on shares of Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $404.69.

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.