Moloney Securities Asset Management LLC Purchases 591 Shares of The Home Depot, Inc. (NYSE:HD)

Moloney Securities Asset Management LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 4.9% during the third quarter, Holdings Channel.com reports. The fund owned 12,597 shares of the home improvement retailer’s stock after acquiring an additional 591 shares during the period. Moloney Securities Asset Management LLC’s holdings in Home Depot were worth $5,105,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Rational Advisors LLC boosted its stake in shares of Home Depot by 570.7% during the 3rd quarter. Rational Advisors LLC now owns 5,500 shares of the home improvement retailer’s stock valued at $2,229,000 after purchasing an additional 4,680 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Home Depot by 81.8% during the 3rd quarter. Impax Asset Management Group plc now owns 9,558 shares of the home improvement retailer’s stock valued at $3,873,000 after purchasing an additional 4,300 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its stake in shares of Home Depot by 13.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 7,290 shares of the home improvement retailer’s stock valued at $2,954,000 after purchasing an additional 840 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Home Depot by 4.9% during the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 16,797 shares of the home improvement retailer’s stock valued at $6,806,000 after purchasing an additional 785 shares in the last quarter. Finally, PDS Planning Inc boosted its stake in shares of Home Depot by 2.8% during the 3rd quarter. PDS Planning Inc now owns 6,752 shares of the home improvement retailer’s stock valued at $2,736,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Evercore ISI dropped their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Finally, Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $413.48.

Home Depot Trading Up 0.8 %

Shares of HD opened at $395.57 on Tuesday. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56. The company has a market cap of $392.92 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.72 and a beta of 1.01. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company’s fifty day simple moving average is $392.94 and its 200-day simple moving average is $362.47.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.65 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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 yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

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.