Icon Wealth Advisors LLC Purchases 690 Shares of The Home Depot, Inc. (NYSE:HD)

Icon Wealth Advisors LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,592 shares of the home improvement retailer’s stock after buying an additional 690 shares during the period. Icon Wealth Advisors LLC’s holdings in Home Depot were worth $6,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its holdings in shares of Home Depot by 2.4% in the third quarter. Rockefeller Capital Management L.P. now owns 620,673 shares of the home improvement retailer’s stock worth $251,444,000 after buying an additional 14,252 shares during the period. CWS Financial Advisors LLC raised its holdings in shares of Home Depot by 3.9% in the third quarter. CWS Financial Advisors LLC now owns 2,284 shares of the home improvement retailer’s stock worth $925,000 after buying an additional 85 shares during the period. Providence Wealth Advisors LLC raised its holdings in shares of Home Depot by 0.6% in the third quarter. Providence Wealth Advisors LLC now owns 6,146 shares of the home improvement retailer’s stock worth $2,466,000 after buying an additional 37 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in shares of Home Depot by 186.6% in the third quarter. Northwest & Ethical Investments L.P. now owns 6,605 shares of the home improvement retailer’s stock worth $2,676,000 after buying an additional 4,300 shares during the period. Finally, Financial Counselors Inc. raised its holdings in shares of Home Depot by 2.6% in the third quarter. Financial Counselors Inc. now owns 141,186 shares of the home improvement retailer’s stock worth $57,209,000 after buying an additional 3,566 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.0 %

Shares of HD opened at $427.19 on Friday. The company has a market capitalization of $424.35 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.97 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $308.59 and a 52 week high of $439.37. The stock’s 50-day moving average price is $406.69 and its 200-day moving average price is $371.20. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HD. Wells Fargo & Company increased their price target on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. TD Cowen raised their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Evercore ISI raised their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $360.00 to $455.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

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.