Wetzel Investment Advisors Inc. Has $666,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Wetzel Investment Advisors Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 5.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,643 shares of the home improvement retailer’s stock after acquiring an additional 81 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Home Depot were worth $666,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new stake in Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Home Depot in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.8 %

NYSE HD opened at $395.57 on Tuesday. The Home Depot, Inc. has a 12 month low of $286.79 and a 12 month high of $421.56. The stock has a market cap of $392.92 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.73 and a beta of 1.01. The stock’s fifty day moving average price is $392.94 and its 200-day moving average price is $362.47. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

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. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the firm posted $4.65 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.28%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HD shares. Royal Bank of Canada reduced their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. DA Davidson boosted their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, TD Cowen boosted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Company 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.