Washington Trust Advisors Inc. Has $2.86 Million Stake in The Home Depot, Inc. (NYSE:HD)

Washington Trust Advisors Inc. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,058 shares of the home improvement retailer’s stock after selling 125 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Home Depot were worth $2,860,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the second quarter worth about $33,000. Denver PWM LLC acquired a new stake in Home Depot during the second quarter worth about $40,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Home Depot during the second quarter worth about $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 1.6 %

Shares of NYSE HD opened at $405.90 on Friday. The firm has a market capitalization of $403.18 billion, a PE ratio of 27.31, a PEG ratio of 2.69 and a beta of 1.01. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The business has a 50-day moving average price of $395.19 and a two-hundred day moving average price of $363.84.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company earned $4.65 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share 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 given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research analyst reports. Piper Sandler raised their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Guggenheim raised their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Stifel Nicolaus reduced their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $420.04.

Home Depot 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.