The Home Depot, Inc. (NYSE:HD) Stock Holdings Lessened by Wesbanco Bank Inc.

Wesbanco Bank Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,366 shares of the home improvement retailer’s stock after selling 340 shares during the quarter. Home Depot makes up approximately 0.8% of Wesbanco Bank Inc.’s portfolio, making the stock its 27th largest position. Wesbanco Bank Inc.’s holdings in Home Depot were worth $24,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Scarborough Advisors LLC boosted its stake in shares of Home Depot by 4.3% during the 4th quarter. Scarborough Advisors LLC now owns 1,731 shares of the home improvement retailer’s stock worth $600,000 after acquiring an additional 71 shares in the last quarter. Spartan Planning & Wealth Management boosted its stake in shares of Home Depot by 38.5% during the 4th quarter. Spartan Planning & Wealth Management now owns 1,764 shares of the home improvement retailer’s stock worth $611,000 after acquiring an additional 490 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Home Depot during the 4th quarter worth about $863,000. MONECO Advisors LLC boosted its stake in shares of Home Depot by 2.3% during the 4th quarter. MONECO Advisors LLC now owns 3,202 shares of the home improvement retailer’s stock worth $1,110,000 after acquiring an additional 71 shares in the last quarter. Finally, Yeomans Consulting Group Inc. bought a new stake in shares of Home Depot during the 4th quarter worth about $1,567,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.9 %

Home Depot stock opened at $415.76 on Tuesday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $420.03. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market capitalization of $412.27 billion, a P/E ratio of 27.88, a PEG ratio of 2.88 and a beta of 1.00. The stock has a 50-day simple moving average of $379.66 and a 200 day simple moving average of $357.15.

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

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. Truist Financial increased their target price on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a report on Monday. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Guggenheim increased their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $404.69.

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.