Daymark Wealth Partners LLC Has $61.57 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Daymark Wealth Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 178,858 shares of the home improvement retailer's stock after acquiring an additional 5,276 shares during the period. Home Depot accounts for about 2.2% of Daymark Wealth Partners LLC's holdings, making the stock its 7th largest position. Daymark Wealth Partners LLC's holdings in Home Depot were worth $61,570,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in shares of Home Depot during the second quarter valued at about $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $33,000. Burkett Financial Services LLC bought a new stake in Home Depot in the 4th quarter valued at $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter valued at about $38,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD traded up $1.06 during trading on Thursday, reaching $397.99. The stock had a trading volume of 963,064 shares, compared to its average volume of 3,383,759. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The business has a 50-day moving average of $366.76 and a 200-day moving average of $354.72. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $401.11. The stock has a market cap of $394.65 billion, a PE ratio of 26.69, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its 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. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to analysts' expectations of $42.57 billion. During the same period in the prior year, the business posted $4.65 EPS. Home Depot's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given 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 yield of 2.26%. Home Depot's dividend payout ratio (DPR) is currently 60.36%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HD. Daiwa America raised Home Depot to a "hold" rating in a report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Loop Capital upped their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a "hold" rating in a research note on Tuesday, September 17th. UBS Group lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus decreased their target price on Home Depot from $380.00 to $375.00 and set a "hold" rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $391.88.

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.