The Home Depot, Inc. (NYSE:HD) Shares Purchased by Benchmark Financial Wealth Advisors LLC

by · The Markets Daily

Benchmark Financial Wealth Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,029 shares of the home improvement retailer’s stock after buying an additional 82 shares during the quarter. Benchmark Financial Wealth Advisors LLC’s holdings in Home Depot were worth $822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot in the second 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

A number of research firms have recently weighed in on HD. Truist Financial raised their price target on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $415.26.

Check Out Our Latest Report on Home Depot

Home Depot Trading Up 1.2 %

NYSE:HD opened at $400.21 on Wednesday. The stock has a market cap of $397.53 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week 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. The stock’s 50-day moving average is $393.49 and its two-hundred day moving average is $362.92.

Home Depot (NYSE:HD – Get Free Report) last issued its 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. The company 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 733.61% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.25%. Home Depot’s dividend payout ratio is 60.57%.

Home Depot Profile

(Free Report)

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.

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