The Home Depot, Inc. (NYSE:HD) Shares Bought by Ascent Group LLC

Ascent Group LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 19.2% in the third quarter, Holdings Channel reports. The firm owned 28,625 shares of the home improvement retailer’s stock after purchasing an additional 4,606 shares during the period. Home Depot comprises 0.9% of Ascent Group LLC’s holdings, making the stock its 18th largest position. Ascent Group LLC’s holdings in Home Depot were worth $11,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC purchased a new stake in Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC purchased a new position in Home Depot during the second quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the third quarter valued at approximately $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot in the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.5 %

Home Depot stock opened at $429.13 on Monday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a fifty-two week low of $308.59 and a fifty-two week high of $439.37. The stock has a 50-day simple moving average of $407.48 and a 200-day simple moving average of $372.20. The company has a market capitalization of $426.28 billion, a P/E ratio of 29.15, a PEG ratio of 2.98 and a beta of 1.01.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HD shares. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Wednesday, October 2nd. Piper Sandler boosted their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Bank of America raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price target on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $426.00.

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.