Verum Partners LLC Purchases 33 Shares of The Home Depot, Inc. (NYSE:HD)

Verum Partners LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,737 shares of the home improvement retailer’s stock after buying an additional 33 shares during the period. Verum Partners LLC’s holdings in Home Depot were worth $1,514,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunpointe LLC lifted its position in shares of Home Depot by 1.9% in the third quarter. Sunpointe LLC now owns 2,835 shares of the home improvement retailer’s stock worth $1,149,000 after purchasing an additional 53 shares in the last quarter. Proquility Private Wealth Partners LLC grew its stake in Home Depot by 51.0% in the third quarter. Proquility Private Wealth Partners LLC now owns 3,974 shares of the home improvement retailer’s stock valued at $1,610,000 after purchasing an additional 1,342 shares in the last quarter. Safeguard Financial LLC increased its position in shares of Home Depot by 13.1% during the 3rd quarter. Safeguard Financial LLC now owns 1,100 shares of the home improvement retailer’s stock worth $446,000 after purchasing an additional 127 shares during the last quarter. Jamison Private Wealth Management Inc. raised its stake in shares of Home Depot by 2.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 33,885 shares of the home improvement retailer’s stock worth $13,730,000 after purchasing an additional 836 shares in the last quarter. Finally, Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 4.0% in the 3rd quarter. Acorn Creek Capital LLC now owns 879 shares of the home improvement retailer’s stock valued at $356,000 after buying an additional 34 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. Finally, DA Davidson increased their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $404.69.

Home Depot Price Performance

HD traded up $0.66 on Wednesday, hitting $416.24. 175,470 shares of the stock were exchanged, compared to its average volume of 3,368,421. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $421.56. The firm has a market capitalization of $412.75 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.88 and a beta of 1.00. The business has a 50-day moving average of $380.90 and a two-hundred day moving average of $357.37.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. Home Depot’s payout ratio is 60.36%.

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.