The Home Depot, Inc. (NYSE:HD) Shares Purchased by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,510 shares of the home improvement retailer’s stock after purchasing an additional 136 shares during the quarter. Home Depot makes up 1.0% of Patrick M Sweeney & Associates Inc.’s portfolio, making the stock its 20th largest holding. Patrick M Sweeney & Associates Inc.’s holdings in Home Depot were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. DGS Capital Management LLC lifted its position in Home Depot by 12.2% in the 1st quarter. DGS Capital Management LLC now owns 1,283 shares of the home improvement retailer’s stock valued at $492,000 after purchasing an additional 140 shares during the last quarter. Clarity Financial LLC increased its stake in shares of Home Depot by 3.1% in the first quarter. Clarity Financial LLC now owns 1,688 shares of the home improvement retailer’s stock valued at $648,000 after purchasing an additional 51 shares during the period. Corundum Group Inc. raised its holdings in shares of Home Depot by 3.3% during the first quarter. Corundum Group Inc. now owns 5,243 shares of the home improvement retailer’s stock valued at $2,011,000 after buying an additional 169 shares during the last quarter. S.A. Mason LLC boosted its position in shares of Home Depot by 3.3% during the first quarter. S.A. Mason LLC now owns 3,258 shares of the home improvement retailer’s stock worth $1,250,000 after buying an additional 103 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its holdings in Home Depot by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 38,252 shares of the home improvement retailer’s stock worth $14,674,000 after buying an additional 11,845 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HD. Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada lowered their target price on shares of 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. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Oppenheimer raised their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $410.67.

Home Depot Price Performance

HD opened at $402.40 on Friday. The firm has a market capitalization of $399.03 billion, a P/E ratio of 26.99, a PEG ratio of 2.88 and a beta of 1.00. The stock has a fifty day moving average of $388.23 and a 200-day moving average of $359.43. 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 Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business earned $4.65 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid 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 2.24%. Home Depot’s dividend payout ratio is presently 60.36%.

About Home Depot

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.