Ballentine Partners LLC Buys 766 Shares of The Home Depot, Inc. (NYSE:HD)

Ballentine Partners LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,947 shares of the home improvement retailer’s stock after acquiring an additional 766 shares during the period. Ballentine Partners LLC’s holdings in Home Depot were worth $9,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Fairway Wealth LLC bought a new stake in Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the second quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter valued at approximately $46,000. Denver PWM LLC acquired a new stake in Home Depot during the 2nd quarter worth $40,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 51 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.9 %

HD stock opened at $398.91 on Friday. The company has a market cap of $396.23 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.78 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56. The business has a 50 day moving average price of $389.81 and a two-hundred day moving average price of $359.98. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $4.65 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HD shares. Piper Sandler lifted their price objective on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. 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 target for the company. Stifel Nicolaus reduced their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. One investment 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 stock. Based on data from MarketBeat.com, Home Depot 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.