Donaldson Capital Management LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Donaldson Capital Management LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,624 shares of the home improvement retailer's stock after purchasing an additional 1,580 shares during the quarter. Home Depot accounts for about 3.0% of Donaldson Capital Management LLC's portfolio, making the stock its 7th largest holding. Donaldson Capital Management LLC's holdings in Home Depot were worth $78,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Texas Capital Bank Wealth Management Services Inc lifted its holdings in shares of Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after acquiring an additional 5,879 shares during the last quarter. Empirical Finance LLC boosted its holdings in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer's stock valued at $14,242,000 after acquiring an additional 1,195 shares during the last quarter. Pegasus Asset Management Inc. boosted its stake in shares of Home Depot by 1.8% in the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock valued at $2,024,000 after purchasing an additional 86 shares during the last quarter. Commonwealth Retirement Investments LLC raised its stake in Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer's stock worth $7,146,000 after buying an additional 965 shares during the last quarter. Finally, Swedbank AB grew its holdings in Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after acquiring an additional 132,967 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Home Depot stock traded up $3.24 during mid-day trading on Monday, hitting $395.83. 1,502,098 shares of the company traded hands, compared to its average volume of 3,346,141. The stock has a fifty day moving average price of $392.51 and a 200-day moving average price of $362.03. The stock has a market cap of $393.17 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.27%. Home Depot's dividend payout ratio (DPR) is presently 60.57%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HD. UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a "buy" rating and a $426.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 price target on the stock. Loop Capital raised Home Depot from a "hold" rating to a "buy" rating and increased their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $413.48.

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.