The Home Depot, Inc. (NYSE:HD) Shares Bought by MONECO Advisors LLC

MONECO Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 22.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,086 shares of the home improvement retailer’s stock after acquiring an additional 737 shares during the quarter. MONECO Advisors LLC’s holdings in Home Depot were worth $1,406,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ruedi Wealth Management Inc. raised its holdings in Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 27 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of Home Depot by 1.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after acquiring an additional 28 shares during the period. Acorn Creek Capital LLC lifted its holdings in shares of Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after acquiring an additional 28 shares in the last quarter. STAR Financial Bank boosted its position in Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the period. Finally, Talisman Wealth Advisors LLC increased its holdings in Home Depot by 1.2% in the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. Truist Financial reduced their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. HSBC decreased their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Tuesday, August 13th. Wedbush reissued an “outperform” rating and set a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Finally, Wells Fargo & Company lowered their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Stock Performance

Shares of NYSE HD traded up $2.01 during midday trading on Monday, hitting $364.07. 769,308 shares of the company’s stock were exchanged, compared to its average volume of 3,417,369. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The firm has a market cap of $361.02 billion, a P/E ratio of 24.36, a PEG ratio of 2.48 and a beta of 0.98. The stock’s 50 day moving average price is $350.74 and its 200-day moving average price is $353.23. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.47%. Home Depot’s payout ratio is 60.36%.

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.