Klingenstein Fields & Co. LP Buys 192 Shares of The Home Depot, Inc. (NYSE:HD)

Klingenstein Fields & Co. LP increased its stake in The Home Depot, Inc. (NYSE:HD) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,104 shares of the home improvement retailer’s stock after acquiring an additional 192 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Home Depot were worth $28,406,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. Vestor Capital LLC increased its stake in Home Depot by 102.0% during the 3rd quarter. Vestor Capital LLC now owns 32,475 shares of the home improvement retailer’s stock valued at $13,159,000 after purchasing an additional 16,401 shares in the last quarter. Intact Investment Management Inc. increased its stake in Home Depot by 8.4% during the 3rd quarter. Intact Investment Management Inc. now owns 56,875 shares of the home improvement retailer’s stock valued at $23,046,000 after purchasing an additional 4,400 shares in the last quarter. Roman Butler Fullerton & Co. boosted its holdings in Home Depot by 0.3% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 9,311 shares of the home improvement retailer’s stock worth $3,869,000 after acquiring an additional 28 shares during the last quarter. Donaldson Capital Management LLC boosted its holdings in Home Depot by 0.8% during the 3rd quarter. Donaldson Capital Management LLC now owns 194,624 shares of the home improvement retailer’s stock worth $78,861,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Forum Financial Management LP boosted its holdings in Home Depot by 3.4% during the 3rd quarter. Forum Financial Management LP now owns 14,682 shares of the home improvement retailer’s stock worth $5,949,000 after acquiring an additional 481 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.8 %

HD stock opened at $395.57 on Tuesday. The company has a market capitalization of $392.92 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The company’s 50 day moving average price is $392.94 and its two-hundred day moving average price is $362.47. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its earnings results 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 net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter last year, the business earned $4.65 earnings per share. The business’s revenue 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.57%.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Piper Sandler lifted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Evercore ISI cut their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Morgan Stanley increased their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $413.48.

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.