The Home Depot, Inc. (NYSE:HD) is Daymark Wealth Partners LLC’s 8th Largest Position

Daymark Wealth Partners LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 0.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 179,505 shares of the home improvement retailer’s stock after purchasing an additional 647 shares during the period. Home Depot comprises approximately 2.4% of Daymark Wealth Partners LLC’s portfolio, making the stock its 8th biggest holding. Daymark Wealth Partners LLC’s holdings in Home Depot were worth $72,735,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Home Depot during the second quarter valued at about $25,000. Kings Path Partners LLC bought a new stake in Home Depot during the 2nd quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Home Depot during the 1st quarter worth approximately $38,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the 4th quarter worth approximately $39,000. Finally, Denver PWM LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock traded down $2.53 during trading hours on Wednesday, reaching $411.65. 1,299,556 shares of the stock traded hands, compared to its average volume of 3,382,773. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03. The firm has a market capitalization of $408.20 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 2.71 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 company has a 50 day moving average price of $375.22 and a 200 day moving average price of $356.30.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating 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 business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot’s payout ratio is 60.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial decreased their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. DA Davidson upped their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada lowered their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $402.38.

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.