Deroy & Devereaux Private Investment Counsel Inc. Buys Shares of 560 The Home Depot, Inc. (NYSE:HD)

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 560 shares of the home improvement retailer’s stock, valued at approximately $227,000.

A number of other large investors have also recently made changes to their positions in HD. O ROURKE & COMPANY Inc lifted its holdings in shares of Home Depot by 7.5% in the third quarter. O ROURKE & COMPANY Inc now owns 1,021 shares of the home improvement retailer’s stock worth $414,000 after buying an additional 71 shares in the last quarter. Cordatus Wealth Management LLC increased its holdings in Home Depot by 1.3% during the 3rd quarter. Cordatus Wealth Management LLC now owns 5,605 shares of the home improvement retailer’s stock worth $2,271,000 after acquiring an additional 72 shares during the period. United Asset Strategies Inc. increased its holdings in Home Depot by 2.6% during the 3rd quarter. United Asset Strategies Inc. now owns 31,261 shares of the home improvement retailer’s stock worth $12,667,000 after acquiring an additional 785 shares during the period. Whelan Financial purchased a new stake in Home Depot in the 3rd quarter worth approximately $214,000. Finally, Rosenberg Matthew Hamilton boosted its holdings in Home Depot by 1.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,860 shares of the home improvement retailer’s stock valued at $754,000 after purchasing an additional 29 shares during the period. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. 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 research report on Friday, October 4th. Finally, Evercore ISI lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $413.48.

Home Depot Trading Down 0.3 %

NYSE HD opened at $392.53 on Friday. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56. The firm has a market capitalization of $389.90 billion, a PE ratio of 26.42, a P/E/G ratio of 2.72 and a beta of 1.00. 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 stock’s 50 day moving average is $392.51 and its 200 day moving average is $361.63.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date 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.