Tempus Wealth Planning LLC Acquires 268 Shares of The Home Depot, Inc. (NYSE:HD)

Tempus Wealth Planning LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,304 shares of the home improvement retailer’s stock after purchasing an additional 268 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Home Depot were worth $934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter valued at about $33,000. Denver PWM LLC bought a new stake in shares of Home Depot in the second quarter valued at about $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the second quarter valued at about $47,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of NYSE HD opened at $399.64 on Thursday. The business’s 50 day moving average price is $388.23 and its 200 day moving average price is $359.43. The firm has a market cap of $396.29 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for 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 for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.65 earnings per share. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given 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 yield of 2.25%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler lifted their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Stifel Nicolaus decreased their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Truist Financial boosted their target price on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $410.67.

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.