Walter & Keenan Wealth Management LLC IN ADV Acquires 147 Shares of The Home Depot, Inc. (NYSE:HD)

Walter & Keenan Wealth Management LLC IN ADV lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,465 shares of the home improvement retailer’s stock after buying an additional 147 shares during the quarter. Home Depot accounts for about 1.3% of Walter & Keenan Wealth Management LLC IN ADV’s investment portfolio, making the stock its 18th largest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Home Depot were worth $4,240,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in HD. Childress Capital Advisors LLC grew its position in Home Depot by 2.2% during the 3rd quarter. Childress Capital Advisors LLC now owns 3,316 shares of the home improvement retailer’s stock worth $1,344,000 after acquiring an additional 72 shares during the last quarter. Highview Capital Management LLC DE boosted its stake in shares of Home Depot by 5.3% during the third quarter. Highview Capital Management LLC DE now owns 2,366 shares of the home improvement retailer’s stock valued at $959,000 after purchasing an additional 120 shares during the period. Lodestar Private Asset Management LLC grew its holdings in shares of Home Depot by 16.0% in the third quarter. Lodestar Private Asset Management LLC now owns 5,017 shares of the home improvement retailer’s stock worth $2,033,000 after purchasing an additional 692 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of Home Depot by 4.9% in the third quarter. Valmark Advisers Inc. now owns 11,546 shares of the home improvement retailer’s stock valued at $4,678,000 after acquiring an additional 542 shares during the period. Finally, Hedeker Wealth LLC raised its stake in shares of 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 acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HD shares. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada dropped their target price 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. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Stock Down 0.6 %

HD stock opened at $392.60 on Thursday. 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 $281.61 and a 1-year high of $421.56. The stock has a market capitalization of $389.31 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.78 and a beta of 1.00. The business has a fifty day moving average price of $391.61 and a 200-day moving average price of $361.03.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.65 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal 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 issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.