The Home Depot, Inc. (NYSE:HD) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its position in The Home Depot, Inc. (NYSE:HD) by 3.8% in the second quarter, Holdings Channel.com reports. The firm owned 345,978 shares of the home improvement retailer’s stock after acquiring an additional 12,682 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Home Depot were worth $119,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. grew its position in Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after purchasing an additional 27 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in shares of Home Depot by 1.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after acquiring an additional 28 shares during the period. Acorn Creek Capital LLC lifted its stake in shares of Home Depot by 3.4% in the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after acquiring an additional 28 shares during the period. STAR Financial Bank lifted its stake in shares of Home Depot by 0.7% in the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after acquiring an additional 29 shares during the period. Finally, Talisman Wealth Advisors LLC lifted its stake in shares of Home Depot by 1.2% in the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $383.46 on Wednesday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm’s fifty day simple moving average is $362.82 and its 200 day simple moving average is $353.92. 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 firm has a market capitalization of $380.24 billion, a PE ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the firm earned $4.65 EPS. The business’s revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate 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. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. DA Davidson upped their price target on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Loop Capital increased their target price on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday. Royal Bank of Canada cut their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Stifel Nicolaus cut their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $389.04.

About Home Depot

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.