McKinley Carter Wealth Services Inc. Grows Holdings in Home Depot Inc (NYSE:HD)

McKinley Carter Wealth Services Inc. increased its position in shares of Home Depot Inc (NYSE:HD) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,466 shares of the home improvement retailer’s stock after purchasing an additional 571 shares during the quarter. Home Depot makes up about 1.5% of McKinley Carter Wealth Services Inc.’s holdings, making the stock its 12th biggest position. McKinley Carter Wealth Services Inc.’s holdings in Home Depot were worth $6,517,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Price Wealth LLC boosted its holdings in Home Depot by 138.5% during the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 72 shares during the last quarter. Selective Wealth Management Inc. boosted its holdings in Home Depot by 243.9% during the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 100 shares during the last quarter. Evolution Wealth Advisors LLC boosted its holdings in Home Depot by 138.8% during the second quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 111 shares during the last quarter. Your Advocates Ltd. LLP boosted its holdings in Home Depot by 51.4% during the second quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock worth $57,000 after purchasing an additional 75 shares during the last quarter. Finally, NuWave Investment Management LLC purchased a new position in Home Depot during the second quarter worth about $57,000. Institutional investors and hedge funds own 69.00% of the company’s stock.

HD stock opened at $287.66 on Friday. Home Depot Inc has a one year low of $140.63 and a one year high of $292.95. The stock has a market cap of $309.65 billion, a PE ratio of 26.37, a P/E/G ratio of 2.38 and a beta of 1.09. The firm has a 50 day simple moving average of $278.34 and a two-hundred day simple moving average of $251.27.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The company had revenue of $38.05 billion during the quarter, compared to analysts’ expectations of $32.13 billion. During the same quarter in the prior year, the company earned $3.17 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. On average, sell-side analysts forecast that Home Depot Inc will post 11.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $6.00 annualized dividend and a yield of 2.09%. Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

HD has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. They noted that the move was a valuation call. Goldman Sachs Group lifted their price objective on shares of Home Depot from $265.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Jefferies Financial Group lifted their price objective on shares of Home Depot from $306.00 to $332.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Nomura lifted their price objective on shares of Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Barclays lifted their price objective on shares of Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $288.79.

In related news, EVP Matt Carey sold 13,680 shares of the stock in a transaction dated Sunday, August 16th. The shares were sold at an average price of $194.35, for a total value of $2,658,708.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $279.83, for a total transaction of $11,738,029.01. Insiders sold a total of 119,304 shares of company stock valued at $32,088,591 over the last 90 days. Company insiders own 0.26% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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