Kampmann Melissa S. Has $2.95 Million Position in The Home Depot, Inc. (NYSE:HD)

Kampmann Melissa S. raised its stake in The Home Depot, Inc. (NYSE:HD) by 26.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,270 shares of the home improvement retailer’s stock after purchasing an additional 1,535 shares during the period. Home Depot accounts for approximately 2.1% of Kampmann Melissa S.’s investment portfolio, making the stock its 24th biggest position. Kampmann Melissa S.’s holdings in Home Depot were worth $2,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Abacus Wealth Partners LLC raised its stake in shares of Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after purchasing an additional 25 shares during the period. Redhawk Wealth Advisors Inc. raised its stake in shares of Home Depot by 0.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after purchasing an additional 25 shares during the period. Ruedi Wealth Management Inc. raised its stake in shares of Home Depot by 1.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after purchasing an additional 27 shares during the period. Acorn Creek Capital LLC raised its stake in shares of Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after purchasing an additional 28 shares during the period. Finally, Consolidated Portfolio Review Corp raised its stake in shares of Home Depot by 1.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 1,524 shares of the home improvement retailer’s stock worth $617,000 after purchasing an additional 28 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of Home Depot stock opened at $405.90 on Friday. 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 company has a market cap of $403.18 billion, a PE ratio of 27.31, a P/E/G ratio of 2.69 and a beta of 1.01. The business has a 50 day moving average of $395.19 and a 200 day moving average of $363.84. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating 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 return on equity of 733.61% and a net margin of 9.71%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s dividend payout ratio is presently 60.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HD shares. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Jefferies Financial Group started coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective on the stock. Truist Financial boosted their price objective on Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a research note on Thursday. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $420.04.

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.