Ayrshire Capital Management LLC Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Ayrshire Capital Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,196 shares of the home improvement retailer’s stock after buying an additional 365 shares during the quarter. Home Depot makes up approximately 3.1% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Ayrshire Capital Management LLC’s holdings in Home Depot were worth $6,563,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CHICAGO TRUST Co NA raised its holdings in Home Depot by 12.9% during the 3rd quarter. CHICAGO TRUST Co NA now owns 7,727 shares of the home improvement retailer’s stock valued at $3,131,000 after buying an additional 882 shares during the period. Carnegie Investment Counsel raised its holdings in Home Depot by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 47,450 shares of the home improvement retailer’s stock valued at $19,227,000 after buying an additional 660 shares during the period. Cardinal Capital Management Inc. raised its holdings in Home Depot by 2.2% during the 3rd quarter. Cardinal Capital Management Inc. now owns 78,459 shares of the home improvement retailer’s stock valued at $31,792,000 after buying an additional 1,660 shares during the period. Retirement Planning Group LLC grew its position in Home Depot by 106.6% in the 3rd quarter. Retirement Planning Group LLC now owns 4,378 shares of the home improvement retailer’s stock valued at $1,774,000 after acquiring an additional 2,259 shares during the last quarter. Finally, City State Bank grew its position in Home Depot by 4.5% in the 3rd quarter. City State Bank now owns 4,579 shares of the home improvement retailer’s stock valued at $1,855,000 after acquiring an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. DA Davidson upped their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada cut their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Truist Financial cut their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, UBS Group upped their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $402.38.

Home Depot Trading Up 0.5 %

Home Depot stock opened at $411.90 on Friday. The stock has a 50-day moving average of $378.34 and a two-hundred day moving average of $357.12. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03. The stock has a market cap of $408.45 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

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.