Eagle Ridge Investment Management Has $18.22 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Eagle Ridge Investment Management trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the third quarter, Holdings Channel.com reports. The firm owned 44,955 shares of the home improvement retailer’s stock after selling 68 shares during the period. Home Depot accounts for 1.6% of Eagle Ridge Investment Management’s holdings, making the stock its 24th biggest position. Eagle Ridge Investment Management’s holdings in Home Depot were worth $18,216,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $33,000. Denver PWM LLC bought a new stake in Home Depot during the second quarter worth $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the 2nd quarter valued at $47,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.9 %

Shares of HD opened at $398.97 on Friday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56. The stock has a market cap of $396.29 billion, a PE ratio of 26.85, a P/E/G ratio of 2.78 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The business’s 50-day moving average price is $389.08 and its 200-day moving average price is $359.73.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the company earned $4.65 earnings per share. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. On average, 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 $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Analysts Set New Price Targets

Several analysts have recently issued reports on HD shares. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Truist Financial lifted their target price on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday. They set a “market perform” rating and a $451.00 price target for the company. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Finally, 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 research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $412.00.

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.