Walter & Keenan Wealth Management LLC IN ADV Purchases 147 Shares of The Home Depot, Inc. (NYSE:HD)

Walter & Keenan Wealth Management LLC IN ADV raised its position in The Home Depot, Inc. (NYSE:HD) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,465 shares of the home improvement retailer’s stock after acquiring an additional 147 shares during the period. Home Depot makes up about 1.3% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 18th largest position. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Home Depot were worth $4,240,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Woodmont Investment Counsel LLC lifted its holdings in shares of Home Depot by 17.5% in the first quarter. Woodmont Investment Counsel LLC now owns 14,537 shares of the home improvement retailer’s stock valued at $5,576,000 after purchasing an additional 2,167 shares in the last quarter. Applied Capital LLC FL lifted its stake in Home Depot by 2.6% during the 1st quarter. Applied Capital LLC FL now owns 6,611 shares of the home improvement retailer’s stock valued at $2,536,000 after acquiring an additional 170 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Home Depot by 2.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,909 shares of the home improvement retailer’s stock worth $1,116,000 after acquiring an additional 66 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Home Depot by 66.2% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 36,686 shares of the home improvement retailer’s stock worth $14,073,000 after acquiring an additional 14,609 shares in the last quarter. Finally, MV Capital Management Inc. raised its holdings in shares of Home Depot by 1.2% in the first quarter. MV Capital Management Inc. now owns 8,087 shares of the home improvement retailer’s stock valued at $3,102,000 after purchasing an additional 94 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

NYSE:HD opened at $392.60 on Thursday. The stock has a market cap of $389.31 billion, a P/E ratio of 26.33, a PEG 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. The business’s 50-day moving average price is $391.61 and its two-hundred day moving average price is $361.03. The Home Depot, Inc. has a twelve month low of $281.61 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating 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 business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm posted $4.65 earnings per share. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. UBS Group lifted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada lowered their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $413.48.

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.