Wells Trecaso Financial Group LLC Has $7.71 Million Position in The Home Depot, Inc. (NYSE:HD)

Wells Trecaso Financial Group LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,019 shares of the home improvement retailer’s stock after purchasing an additional 148 shares during the quarter. Home Depot makes up approximately 2.5% of Wells Trecaso Financial Group LLC’s portfolio, making the stock its 13th largest position. Wells Trecaso Financial Group LLC’s holdings in Home Depot were worth $7,706,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. raised its position in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in shares of Home Depot in the first quarter valued at approximately $513,016,000. Price T Rowe Associates Inc. MD raised its position in shares of Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the period. Finally, Swedbank AB bought a new position in shares of Home Depot in the first quarter valued at approximately $301,364,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 1.9 %

Shares of NYSE HD opened at $395.10 on Wednesday. The stock has a market capitalization of $391.79 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.78 and a beta of 1.00. The company has a 50-day moving average price of $391.17 and a 200-day moving average price of $360.80. The Home Depot, Inc. has a 1 year low of $276.96 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the firm earned $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.28%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Stifel Nicolaus dropped their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. One equities research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

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.