Key Client Fiduciary Advisors LLC Has $1.80 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Key Client Fiduciary Advisors LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,434 shares of the home improvement retailer’s stock after buying an additional 220 shares during the quarter. Home Depot accounts for 0.8% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 27th largest position. Key Client Fiduciary Advisors LLC’s holdings in Home Depot were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HD. Abacus Wealth Partners LLC boosted its position in Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock worth $285,000 after acquiring an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after purchasing an additional 25 shares during the last quarter. Ruedi Wealth Management Inc. grew its position in Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 27 shares in the last quarter. Acorn Creek Capital LLC increased 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 valued at $291,000 after buying an additional 28 shares during the last quarter. Finally, Talisman Wealth Advisors LLC lifted its position in Home Depot by 1.2% during the 1st 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 in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada reduced 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 report on Wednesday, August 14th. Piper Sandler upped their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Price Performance

HD opened at $415.00 on Friday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $421.56. The firm has a 50-day moving average of $385.10 and a 200 day moving average of $358.50. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The firm has a market cap of $411.52 billion, a P/E ratio of 27.83, a PEG ratio of 2.88 and a beta of 1.00.

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 the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the company earned $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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.