The Home Depot, Inc. (NYSE:HD) Shares Purchased by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,248 shares of the home improvement retailer’s stock after buying an additional 77 shares during the period. Paulson Wealth Management Inc.’s holdings in Home Depot were worth $1,462,000 at the end of the most recent reporting period.

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

Home Depot Stock Down 0.4 %

Shares of NYSE HD traded down $1.60 during trading on Monday, hitting $373.99. 2,450,138 shares of the company traded hands, compared to its average volume of 3,440,526. The firm has a market capitalization of $370.85 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 2.48 and a beta of 0.98. The business’s fifty day moving average is $353.44 and its 200 day moving average is $353.58. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the business earned $4.65 EPS. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Wall Street Analyst Weigh In

Several research firms have commented on HD. TD Cowen decreased their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Jefferies Financial Group began coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Wells Fargo & Company reduced their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. HSBC lowered 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $386.33.

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.