Mattern Wealth Management LLC Sells 600 Shares of The Home Depot, Inc. (NYSE:HD)

Mattern Wealth Management LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 34.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,142 shares of the home improvement retailer’s stock after selling 600 shares during the period. Mattern Wealth Management LLC’s holdings in Home Depot were worth $463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Wealth Services LLC boosted its stake in Home Depot by 3.3% during the 1st quarter. Keystone Wealth Services LLC now owns 1,804 shares of the home improvement retailer’s stock valued at $692,000 after purchasing an additional 58 shares during the last quarter. Central Valley Advisors LLC boosted its stake in Home Depot by 0.4% during the 1st quarter. Central Valley Advisors LLC now owns 10,352 shares of the home improvement retailer’s stock valued at $3,972,000 after purchasing an additional 45 shares during the last quarter. Riverview Trust Co boosted its stake in Home Depot by 7.3% during the 1st quarter. Riverview Trust Co now owns 1,105 shares of the home improvement retailer’s stock valued at $424,000 after purchasing an additional 75 shares during the last quarter. Fermata Advisors LLC boosted its stake in Home Depot by 70.5% during the 1st quarter. Fermata Advisors LLC now owns 1,463 shares of the home improvement retailer’s stock valued at $561,000 after purchasing an additional 605 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in Home Depot by 1.5% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 41,290 shares of the home improvement retailer’s stock valued at $15,839,000 after purchasing an additional 598 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Oppenheimer raised their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Morgan Stanley raised their price target on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank of Canada dropped their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus dropped their price target on 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 investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $410.67.

Home Depot Stock Down 1.1 %

Shares of NYSE:HD opened at $401.85 on Wednesday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56. The business has a 50 day simple moving average of $387.35 and a two-hundred day simple moving average of $359.15. The firm has a market capitalization of $398.48 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm 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 quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.24%. Home Depot’s payout ratio is 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.