Integrity Wealth Solutions LLC Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Integrity Wealth Solutions LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 15.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 909 shares of the home improvement retailer’s stock after selling 163 shares during the quarter. Integrity Wealth Solutions LLC’s holdings in Home Depot were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of HD. Evernest Financial Advisors LLC raised its stake in shares of Home Depot by 28.7% during the 3rd quarter. Evernest Financial Advisors LLC now owns 4,337 shares of the home improvement retailer’s stock worth $1,757,000 after purchasing an additional 967 shares during the period. Community Financial Services Group LLC raised its stake in shares of Home Depot by 1.8% during the 3rd quarter. Community Financial Services Group LLC now owns 8,142 shares of the home improvement retailer’s stock worth $3,299,000 after purchasing an additional 141 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Home Depot by 8.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 40,069 shares of the home improvement retailer’s stock worth $16,236,000 after purchasing an additional 2,978 shares during the period. Stewardship Advisors LLC bought a new stake in shares of Home Depot during the 3rd quarter worth $301,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the 3rd quarter worth $46,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HD shares. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. DA Davidson boosted their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Melius Research began coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $409.12.

Home Depot Stock Down 2.0 %

Shares of NYSE:HD opened at $406.52 on Tuesday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The firm has a fifty day moving average of $386.31 and a 200 day moving average of $358.83. The firm has a market capitalization of $403.11 billion, a PE ratio of 27.26, 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 quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $42.57 billion. During the same period in the previous year, the business earned $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business 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 annualized dividend and a yield of 2.21%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.