Mengis Capital Management Inc. Has $4.67 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Mengis Capital Management Inc. lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 24.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,523 shares of the home improvement retailer’s stock after selling 3,780 shares during the quarter. Home Depot comprises 0.9% of Mengis Capital Management Inc.’s holdings, making the stock its 26th biggest position. Mengis Capital Management Inc.’s holdings in Home Depot were worth $4,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hamel Associates Inc. lifted its stake in Home Depot by 0.3% in the third quarter. Hamel Associates Inc. now owns 11,330 shares of the home improvement retailer’s stock valued at $4,591,000 after buying an additional 36 shares during the period. Chase Investment Counsel Corp boosted its stake in Home Depot by 3.2% during the 3rd quarter. Chase Investment Counsel Corp now owns 964 shares of the home improvement retailer’s stock valued at $390,000 after purchasing an additional 30 shares during the last quarter. Souders Financial Advisors grew its holdings in Home Depot by 1.9% during the third quarter. Souders Financial Advisors now owns 17,227 shares of the home improvement retailer’s stock worth $6,980,000 after buying an additional 320 shares in the last quarter. Community Bank & Trust Waco Texas grew its stake in shares of Home Depot by 1.7% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 19,261 shares of the home improvement retailer’s stock worth $7,805,000 after acquiring an additional 319 shares in the last quarter. Finally, Empower Advisory Group LLC increased its stake in Home Depot by 1.7% in the 3rd quarter. Empower Advisory Group LLC now owns 332,921 shares of the home improvement retailer’s stock valued at $134,900,000 after buying an additional 5,425 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.3 %

NYSE:HD opened at $403.17 on Wednesday. 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 Home Depot, Inc. has a 12 month low of $287.24 and a 12 month high of $421.56. The company has a 50-day moving average price of $396.76 and a 200-day moving average price of $365.25. The stock has a market cap of $400.47 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01.

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

Home Depot Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Analyst Ratings Changes

HD has been the topic of several research reports. Melius Research started coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Truist Financial boosted their price objective on Home Depot from $455.00 to $459.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $424.67.

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.