JGP Wealth Management LLC Acquires 96 Shares of The Home Depot, Inc. (NYSE:HD)

JGP Wealth Management LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,064 shares of the home improvement retailer’s stock after buying an additional 96 shares during the period. JGP Wealth Management LLC’s holdings in Home Depot were worth $4,483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. grew its position in Home Depot by 7.2% in the 4th quarter. Baird Financial Group Inc. now owns 2,313,682 shares of the home improvement retailer’s stock valued at $801,807,000 after buying an additional 155,452 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its position in Home Depot by 3.3% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 218,876 shares of the home improvement retailer’s stock worth $75,851,000 after purchasing an additional 6,945 shares during the last quarter. Gotham Asset Management LLC lifted its position in shares of Home Depot by 39.7% in the 4th quarter. Gotham Asset Management LLC now owns 42,992 shares of the home improvement retailer’s stock worth $14,899,000 after acquiring an additional 12,210 shares during the period. Groupama Asset Managment bought a new position in Home Depot in the 4th quarter valued at $16,462,000. Finally, Financial Planning & Information Services Inc. acquired a new stake in shares of Home Depot during the fourth quarter worth $204,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.4 %

Shares of NYSE:HD traded up $1.56 during trading on Friday, reaching $411.52. 859,314 shares of the stock were exchanged, compared to its average volume of 3,380,046. The firm has a market cap of $408.76 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. 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 has a fifty day moving average of $377.21 and a two-hundred day moving average of $357.09. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $420.03.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the business earned $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot’s dividend payout ratio is currently 60.57%.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Oppenheimer increased their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Piper Sandler raised their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Evercore ISI dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. Finally, DA Davidson increased their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $402.38.

About Home Depot

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.