Mattern Capital Management LLC Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Mattern Capital Management LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,777 shares of the home improvement retailer’s stock after buying an additional 37 shares during the period. Home Depot accounts for 1.4% of Mattern Capital Management LLC’s holdings, making the stock its 21st biggest position. Mattern Capital Management LLC’s holdings in Home Depot were worth $10,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Fairway Wealth LLC purchased a new position in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot during the second quarter worth $33,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the third quarter worth $46,000. Denver PWM LLC purchased a new position in shares of Home Depot during the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $398.91 on Monday. 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 firm’s 50-day moving average is $389.81 and its two-hundred day moving average is $360.04. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $421.56. The company has a market capitalization of $396.23 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the firm earned $4.65 earnings per share. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HD shares. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. UBS Group raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. 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 report on Wednesday, August 14th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. One 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $412.00.

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.