Cabot Wealth Management Inc. Buys 148 Shares of The Home Depot, Inc. (NYSE:HD)

Cabot Wealth Management Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 0.4% in the third quarter, Holdings Channel.com reports. The firm owned 33,883 shares of the home improvement retailer’s stock after acquiring an additional 148 shares during the period. Home Depot makes up approximately 1.7% of Cabot Wealth Management Inc.’s holdings, making the stock its 23rd largest holding. Cabot Wealth Management Inc.’s holdings in Home Depot were worth $13,730,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HD. Scarborough Advisors LLC lifted its holdings in shares of Home Depot by 4.3% during the 4th quarter. Scarborough Advisors LLC now owns 1,731 shares of the home improvement retailer’s stock worth $600,000 after acquiring an additional 71 shares during the period. Spartan Planning & Wealth Management lifted its holdings in shares of Home Depot by 38.5% during the 4th quarter. Spartan Planning & Wealth Management now owns 1,764 shares of the home improvement retailer’s stock worth $611,000 after acquiring an additional 490 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $863,000. MONECO Advisors LLC increased its position in shares of Home Depot by 2.3% during the 4th quarter. MONECO Advisors LLC now owns 3,202 shares of the home improvement retailer’s stock worth $1,110,000 after purchasing an additional 71 shares in the last quarter. Finally, Yeomans Consulting Group Inc. acquired a new stake in shares of Home Depot during the 4th quarter worth about $1,567,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

HD has been the subject of a number of recent analyst reports. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. 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 report on Wednesday, August 14th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Oppenheimer increased their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Finally, Melius Research started coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot Trading Up 0.0 %

Home Depot stock traded up $0.16 during midday trading on Tuesday, hitting $415.58. 3,556,984 shares of the stock were exchanged, compared to its average volume of 3,383,782. The company has a fifty day simple moving average of $379.66 and a two-hundred day simple moving average of $357.15. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The stock has a market capitalization of $412.09 billion, a PE ratio of 27.87, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm earned $4.65 EPS. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 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.