WD Rutherford LLC Purchases 321 Shares of The Home Depot, Inc. (NYSE:HD)

WD Rutherford LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,923 shares of the home improvement retailer’s stock after acquiring an additional 321 shares during the quarter. Home Depot accounts for about 2.1% of WD Rutherford LLC’s holdings, making the stock its 13th largest position. WD Rutherford LLC’s holdings in Home Depot were worth $4,104,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Ruedi Wealth Management Inc. increased its position in shares of Home Depot by 1.2% during the second 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 in the last quarter. Cape Investment Advisory Inc. increased its holdings in shares of Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after acquiring an additional 28 shares in the last quarter. Acorn Creek Capital LLC boosted its stake in 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 purchasing an additional 28 shares in the last quarter. STAR Financial Bank grew its position in Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC raised its holdings in shares of Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after buying an additional 29 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HD has been the subject of several recent research reports. HSBC reduced their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Stifel Nicolaus decreased their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and raised their target price for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. Citigroup reduced their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, Evercore ISI cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. One 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 data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.33.

Home Depot Trading Up 2.8 %

Shares of Home Depot stock traded up $10.23 on Friday, reaching $375.59. The company had a trading volume of 3,426,154 shares, compared to its average volume of 3,446,290. The firm’s 50 day moving average price is $353.44 and its two-hundred day moving average price is $353.58. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market cap of $372.44 billion, a PE ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 9.79% and a return on equity of 1,056.67%. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the business posted $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.40%. Home Depot’s payout ratio is 60.36%.

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.