Altium Wealth Management LLC raised its holdings in shares of Home Depot Inc (NYSE:HD) by 18.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,956 shares of the home improvement retailer’s stock after purchasing an additional 755 shares during the period. Altium Wealth Management LLC’s holdings in Home Depot were worth $883,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Home Depot by 3.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock valued at $1,143,434,000 after acquiring an additional 230,769 shares during the period. California State Teachers Retirement System increased its position in shares of Home Depot by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 2,093,731 shares of the home improvement retailer’s stock valued at $396,825,000 after acquiring an additional 49,863 shares during the period. Synovus Financial Corp increased its position in shares of Home Depot by 3.8% in the 1st quarter. Synovus Financial Corp now owns 220,730 shares of the home improvement retailer’s stock valued at $39,357,000 after acquiring an additional 8,102 shares during the period. BBR Partners LLC increased its position in shares of Home Depot by 169.6% in the 1st quarter. BBR Partners LLC now owns 4,543 shares of the home improvement retailer’s stock valued at $810,000 after acquiring an additional 2,858 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its position in shares of Home Depot by 8.5% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 18,001 shares of the home improvement retailer’s stock valued at $3,208,000 after acquiring an additional 1,414 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on HD shares. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $223.00 target price on the stock in a research report on Tuesday, July 17th. Wells Fargo & Co started coverage on Home Depot in a research report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 target price on the stock. Credit Suisse Group set a $222.00 target price on Home Depot and gave the company a “buy” rating in a research report on Monday, May 14th. Bank of America reissued a “buy” rating and issued a $215.00 target price on shares of Home Depot in a research report on Tuesday, May 15th. Finally, Loop Capital set a $200.00 price target on Home Depot and gave the stock a “hold” rating in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $203.35.

HD stock opened at $195.56 on Monday. The stock has a market capitalization of $226.44 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37. Home Depot Inc has a 12 month low of $146.89 and a 12 month high of $207.60.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. Home Depot’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. sell-side analysts expect that Home Depot Inc will post 9.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.11%. Home Depot’s payout ratio is 55.23%.

In other Home Depot news, Director Stephanie Linnartz acquired 1,000 shares of the business’s stock in a transaction on Friday, June 1st. The stock was bought at an average price of $187.57 per share, for a total transaction of $187,570.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: Earnings Per Share

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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