Main Street Financial Solutions LLC Has $3.16 Million Position in The Home Depot, Inc. (NYSE:HD)

Main Street Financial Solutions LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,807 shares of the home improvement retailer’s stock after selling 205 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Home Depot were worth $3,163,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the period. Wulff Hansen & CO. increased its position in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after purchasing an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares during the last quarter. Swedbank AB purchased a new position in shares of Home Depot in the 1st quarter worth about $301,364,000. Finally, Sarasin & Partners LLP grew its position in Home Depot by 95.2% during the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock valued at $392,411,000 after acquiring an additional 556,053 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HD shares. Bank of America raised their price target on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen raised their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Morgan Stanley increased their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Finally, Truist Financial upped their target price on shares of Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $425.78.

Home Depot Trading Up 1.8 %

Shares of HD traded up $7.07 during trading hours on Wednesday, reaching $410.15. 970,598 shares of the company traded hands, compared to its average volume of 3,372,760. 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 firm has a market cap of $407.40 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.83 and a beta of 1.01. The stock’s fifty day moving average price is $396.76 and its 200 day moving average price is $365.25. The Home Depot, Inc. has a 12-month low of $300.14 and a 12-month high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.81 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

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.