Ballentine Partners LLC Has $9.70 Million Position in The Home Depot, Inc. (NYSE:HD)

Ballentine Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,947 shares of the home improvement retailer’s stock after buying an additional 766 shares during the quarter. Ballentine Partners LLC’s holdings in Home Depot were worth $9,703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. KRS Capital Management LLC lifted its holdings in shares of Home Depot by 4.3% during the first quarter. KRS Capital Management LLC now owns 3,942 shares of the home improvement retailer’s stock worth $1,512,000 after buying an additional 164 shares in the last quarter. OneAscent Wealth Management LLC raised its stake in Home Depot by 111.4% in the 1st quarter. OneAscent Wealth Management LLC now owns 1,947 shares of the home improvement retailer’s stock worth $747,000 after purchasing an additional 1,026 shares in the last quarter. Webster Bank N. A. boosted its holdings in Home Depot by 0.7% in the 1st quarter. Webster Bank N. A. now owns 20,538 shares of the home improvement retailer’s stock valued at $7,878,000 after purchasing an additional 139 shares during the period. OneAscent Financial Services LLC grew its position in shares of Home Depot by 28.1% during the 1st quarter. OneAscent Financial Services LLC now owns 5,441 shares of the home improvement retailer’s stock worth $2,087,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Norris Perne & French LLP MI increased its holdings in shares of Home Depot by 0.6% during the first quarter. Norris Perne & French LLP MI now owns 52,865 shares of the home improvement retailer’s stock worth $20,279,000 after purchasing an additional 319 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $398.91 on Friday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The firm has a market cap of $396.23 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The firm’s fifty day moving average is $389.81 and its 200-day moving average is $359.98.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.26%. Home Depot’s payout ratio is 60.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HD. Jefferies Financial Group initiated coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Evercore ISI dropped 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 report on Wednesday, August 14th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.