Measured Wealth Private Client Group LLC Sells 756 Shares of The Home Depot, Inc. (NYSE:HD)

Measured Wealth Private Client Group LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 48.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 814 shares of the home improvement retailer’s stock after selling 756 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Home Depot were worth $330,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HD. Fairway Wealth LLC bought a new position in shares of Home Depot in the 2nd quarter worth $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the second quarter worth $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.3 %

NYSE HD opened at $393.80 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 Home Depot, Inc. has a 52 week low of $281.61 and a 52 week high of $421.56. The business’s fifty day simple moving average is $392.17 and its 200-day simple moving average is $361.25. The firm has a market cap of $390.50 billion, a PE ratio of 26.41, a P/E/G ratio of 2.78 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 net margin of 9.71% and a return on equity of 681.27%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current 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. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HD shares. Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada dropped their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Sanford C. Bernstein started coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Finally, Stifel Nicolaus dropped 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 report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

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.