Proquility Private Wealth Partners LLC Purchases 1,342 Shares of The Home Depot, Inc. (NYSE:HD)

Proquility Private Wealth Partners LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 51.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,974 shares of the home improvement retailer's stock after buying an additional 1,342 shares during the quarter. Proquility Private Wealth Partners LLC's holdings in Home Depot were worth $1,610,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Safeguard Financial LLC boosted its holdings in shares of Home Depot by 13.1% during the third quarter. Safeguard Financial LLC now owns 1,100 shares of the home improvement retailer's stock worth $446,000 after purchasing an additional 127 shares during the last quarter. Jamison Private Wealth Management Inc. raised its holdings in shares of Home Depot by 2.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 33,885 shares of the home improvement retailer's stock worth $13,730,000 after purchasing an additional 836 shares during the period. Acorn Creek Capital LLC grew its holdings in shares of Home Depot by 4.0% during the 3rd quarter. Acorn Creek Capital LLC now owns 879 shares of the home improvement retailer's stock worth $356,000 after purchasing an additional 34 shares during the period. ERn Financial LLC increased its position in shares of Home Depot by 4.5% in the third quarter. ERn Financial LLC now owns 3,110 shares of the home improvement retailer's stock worth $1,260,000 after acquiring an additional 135 shares in the last quarter. Finally, QV Investors Inc. increased its holdings in Home Depot by 0.7% in the 3rd quarter. QV Investors Inc. now owns 10,647 shares of the home improvement retailer's stock valued at $4,314,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Home Depot from $377.00 to $363.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 14th. Loop Capital raised Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Guggenheim increased their price target on Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a report on Friday, October 4th. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They set a "buy" rating and a $420.00 price objective on the stock. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $404.69.

Home Depot Stock Up 0.7 %

Shares of HD traded up $3.03 during trading hours on Wednesday, reaching $418.61. The company's stock had a trading volume of 2,413,736 shares, compared to its average volume of 3,379,686. 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 firm has a market cap of $415.10 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a 50 day moving average of $380.90 and a two-hundred day moving average of $357.37. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts' consensus estimates of $4.59 by $0.08. The business 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 681.27%. Home Depot's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.65 earnings per share. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, August 29th. Home Depot's dividend payout ratio (DPR) is presently 60.36%.

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.