Mendel Capital Management LLC Acquires 246 Shares of The Home Depot, Inc. (NYSE:HD)

Mendel Capital Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,299 shares of the home improvement retailer’s stock after purchasing an additional 246 shares during the period. Mendel Capital Management LLC’s holdings in Home Depot were worth $1,337,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Holistic Financial Partners raised its holdings in shares of Home Depot by 10.9% during the third quarter. Holistic Financial Partners now owns 1,274 shares of the home improvement retailer’s stock valued at $516,000 after purchasing an additional 125 shares during the last quarter. Braun Stacey Associates Inc. grew its position in Home Depot by 11.9% in the 3rd quarter. Braun Stacey Associates Inc. now owns 52,226 shares of the home improvement retailer’s stock worth $21,162,000 after purchasing an additional 5,546 shares during the period. AMG National Trust Bank raised its stake in Home Depot by 5.1% during the 3rd quarter. AMG National Trust Bank now owns 91,670 shares of the home improvement retailer’s stock valued at $37,145,000 after buying an additional 4,483 shares during the last quarter. Phillips Financial Management LLC lifted its holdings in shares of Home Depot by 3.8% during the 3rd quarter. Phillips Financial Management LLC now owns 1,169 shares of the home improvement retailer’s stock valued at $474,000 after buying an additional 43 shares during the period. Finally, Aljian Capital Management LLC boosted its stake in shares of Home Depot by 9.9% in the 3rd quarter. Aljian Capital Management LLC now owns 10,159 shares of the home improvement retailer’s stock worth $4,116,000 after buying an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HD shares. Oppenheimer raised their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Piper Sandler upped their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Home Depot Price Performance

HD stock opened at $408.18 on Monday. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56. The firm has a market capitalization of $405.44 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a fifty day simple moving average of $399.51 and a two-hundred day simple moving average of $366.81. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the firm earned $3.81 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

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.