The Home Depot, Inc. (NYSE:HD) Shares Purchased by Hamel Associates Inc.

Hamel Associates Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,330 shares of the home improvement retailer’s stock after acquiring an additional 36 shares during the period. Home Depot accounts for approximately 1.4% of Hamel Associates Inc.’s investment portfolio, making the stock its 29th biggest position. Hamel Associates Inc.’s holdings in Home Depot were worth $4,591,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 3rd quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HD shares. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday. Finally, Evercore ISI decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $424.67.

Home Depot Trading Down 1.3 %

Shares of Home Depot stock opened at $403.17 on Wednesday. The Home Depot, Inc. has a 1 year low of $287.24 and a 1 year high of $421.56. 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 company has a market capitalization of $400.46 billion, a P/E ratio of 27.13, a PEG ratio of 2.83 and a beta of 1.01. The company’s fifty day moving average is $396.76 and its two-hundred day moving average is $365.25.

Home Depot (NYSE:HD) last issued 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 net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm posted $4.65 EPS. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

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.