The Home Depot, Inc. (NYSE:HD) Shares Purchased by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 8.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,199 shares of the home improvement retailer’s stock after purchasing an additional 163 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Home Depot were worth $891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Home Depot during the 2nd quarter worth $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the second quarter worth approximately $33,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot in the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $395.10 on Wednesday. The stock’s fifty day simple moving average is $391.17 and its 200-day simple moving average is $360.80. The Home Depot, Inc. has a 52-week low of $276.96 and a 52-week high of $421.56. The stock has a market capitalization of $391.79 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.78 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.

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 the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.65 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed 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 2.28%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada decreased their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Finally, Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $413.48.

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.