Sweet Financial Partners LLC Sells 234 Shares of The Home Depot, Inc. (NYSE:HD)

Sweet Financial Partners LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,231 shares of the home improvement retailer’s stock after selling 234 shares during the period. Home Depot comprises approximately 0.8% of Sweet Financial Partners LLC’s portfolio, making the stock its 21st biggest position. Sweet Financial Partners LLC’s holdings in Home Depot were worth $3,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. TruWealth Advisors LLC raised its holdings in shares of Home Depot by 2.5% in the third quarter. TruWealth Advisors LLC now owns 6,520 shares of the home improvement retailer’s stock valued at $2,642,000 after purchasing an additional 157 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in Home Depot in the 3rd quarter worth about $224,000. Vista Investment Partners LLC increased its stake in Home Depot by 0.5% in the 3rd quarter. Vista Investment Partners LLC now owns 11,572 shares of the home improvement retailer’s stock valued at $4,689,000 after buying an additional 58 shares during the last quarter. Drake & Associates LLC increased its stake in Home Depot by 61.3% in the 3rd quarter. Drake & Associates LLC now owns 1,255 shares of the home improvement retailer’s stock valued at $509,000 after buying an additional 477 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its position in shares of Home Depot by 9.4% during the 3rd quarter. Marshall Financial Group LLC now owns 2,451 shares of the home improvement retailer’s stock worth $993,000 after buying an additional 211 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on HD. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. DA Davidson raised their target price on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI cut their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Piper Sandler raised their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, Melius Research assumed coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. One research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot Stock Performance

NYSE HD opened at $415.75 on Friday. The company’s 50 day simple moving average is $383.77 and its two-hundred day simple moving average is $358.20. 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 Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56. The stock has a market capitalization of $412.26 billion, a PE ratio of 27.88, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter last year, the business posted $4.65 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

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.