Highview Capital Management LLC DE Buys 120 Shares of The Home Depot, Inc. (NYSE:HD)

Highview Capital Management LLC DE increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% in the third quarter, Holdings Channel.com reports. The fund owned 2,366 shares of the home improvement retailer’s stock after purchasing an additional 120 shares during the period. Highview Capital Management LLC DE’s holdings in Home Depot were worth $959,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lodestar Private Asset Management LLC lifted its position in Home Depot by 16.0% during the third quarter. Lodestar Private Asset Management LLC now owns 5,017 shares of the home improvement retailer’s stock valued at $2,033,000 after purchasing an additional 692 shares during the last quarter. Valmark Advisers Inc. lifted its position in Home Depot by 4.9% during the third quarter. Valmark Advisers Inc. now owns 11,546 shares of the home improvement retailer’s stock valued at $4,678,000 after purchasing an additional 542 shares during the last quarter. Hedeker Wealth LLC lifted its position in Home Depot by 0.9% during the third quarter. Hedeker Wealth LLC now owns 4,868 shares of the home improvement retailer’s stock valued at $1,972,000 after purchasing an additional 45 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in Home Depot by 8.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 2,199 shares of the home improvement retailer’s stock valued at $891,000 after purchasing an additional 163 shares during the last quarter. Finally, MONECO Advisors LLC lifted its position in Home Depot by 12.6% during the third quarter. MONECO Advisors LLC now owns 4,599 shares of the home improvement retailer’s stock valued at $1,864,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Stock Down 0.6 %

HD stock opened at $392.60 on Thursday. The firm has a 50 day moving average of $391.61 and a 200 day moving average of $361.03. The stock has a market capitalization of $389.31 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $281.61 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business earned $4.65 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 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.