Tandem Investment Advisors Inc. Has $1.04 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Tandem Investment Advisors Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 79.6% during the third quarter, HoldingsChannel.com reports. The firm owned 2,564 shares of the home improvement retailer’s stock after acquiring an additional 1,136 shares during the period. Tandem Investment Advisors Inc.’s holdings in Home Depot were worth $1,039,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. WFA Asset Management Corp lifted its holdings in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after buying an additional 623 shares during the period. Advisory Alpha LLC raised its holdings in Home Depot by 1.4% in the 1st quarter. Advisory Alpha LLC now owns 9,857 shares of the home improvement retailer’s stock worth $3,781,000 after acquiring an additional 140 shares during the period. Oxbow Advisors LLC lifted its position in Home Depot by 2.7% during the 1st quarter. Oxbow Advisors LLC now owns 2,400 shares of the home improvement retailer’s stock worth $921,000 after acquiring an additional 63 shares during the last quarter. Finally, Ruedi Wealth Management Inc. boosted its holdings in Home Depot by 2.7% during the first quarter. Ruedi Wealth Management Inc. now owns 2,345 shares of the home improvement retailer’s stock valued at $900,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 2.8 %

Home Depot stock opened at $399.41 on Friday. The company’s 50 day simple moving average is $393.80 and its 200 day simple moving average is $363.10. The firm has a market capitalization of $396.73 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.74 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company 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 posted $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 dividend yield of 2.25%. Home Depot’s payout ratio is 60.57%.

Analyst Ratings Changes

Several equities analysts recently weighed in on HD shares. Melius Research started coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. Morgan Stanley boosted their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Stifel Nicolaus lowered their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, UBS Group raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $416.52.

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.