First Horizon Advisors Inc. Has $46.71 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

First Horizon Advisors Inc. grew its stake in The Home Depot, Inc. (NYSE:HD) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,262 shares of the home improvement retailer’s stock after purchasing an additional 4,502 shares during the period. Home Depot makes up about 1.3% of First Horizon Advisors Inc.’s portfolio, making the stock its 9th biggest position. First Horizon Advisors Inc.’s holdings in Home Depot were worth $46,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. WFA Asset Management Corp increased its holdings in Home Depot by 10.7% during 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 period. China Universal Asset Management Co. Ltd. increased its holdings in 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 purchasing an additional 623 shares during the period. Edgestream Partners L.P. increased its holdings in Home Depot by 57.7% during the 1st quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer’s stock worth $1,115,000 after purchasing an additional 1,063 shares during the period. Wellington Wealth Strategies LLC. purchased a new position in Home Depot during the 1st quarter worth $1,250,000. Finally, EP Wealth Advisors LLC increased its holdings in Home Depot by 4.8% during the 1st quarter. EP Wealth Advisors LLC now owns 66,898 shares of the home improvement retailer’s stock worth $25,662,000 after purchasing an additional 3,034 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.9 %

Shares of HD stock opened at $406.88 on Wednesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market cap of $404.15 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a 50-day moving average of $401.13 and a two-hundred day moving average of $367.78. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.81 earnings per share. On average, analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.21%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. Melius Research assumed coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. UBS Group boosted 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. Finally, Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

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.