9,518 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,518 shares of the home improvement retailer's stock, valued at approximately $3,857,000.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares in the last quarter. Wulff Hansen & CO. raised its stake in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock valued at $509,081,000 after purchasing an additional 1,474,459 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in Home Depot during the first quarter worth about $513,016,000. Price T Rowe Associates Inc. MD lifted its position in Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock worth $2,853,143,000 after purchasing an additional 971,833 shares during the period. Finally, Swedbank AB acquired a new stake in Home Depot during the first quarter worth about $301,364,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Down 2.9 %

HD traded down $11.72 during midday trading on Wednesday, hitting $388.37. The company had a trading volume of 6,979,254 shares, compared to its average volume of 3,364,437. The stock's 50 day moving average price is $393.49 and its 200 day moving average price is $362.92. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56. 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 company has a market capitalization of $385.77 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm 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 business's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 earnings per share. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders 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 dividend yield of 2.32%. Home Depot's dividend payout ratio is presently 60.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HD shares. Royal Bank of Canada decreased their price target on Home Depot from $377.00 to $363.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 14th. Melius Research began coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a "buy" rating and a $420.00 target price for the company. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Gordon Haskett raised shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $416.37.

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.