Aaron Wealth Advisors LLC Purchases 414 Shares of The Home Depot, Inc. (NYSE:HD)

Aaron Wealth Advisors LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,252 shares of the home improvement retailer’s stock after acquiring an additional 414 shares during the period. Aaron Wealth Advisors LLC’s holdings in Home Depot were worth $2,938,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HD. Joule Financial LLC purchased a new position in Home Depot in the third quarter valued at about $237,000. Stonegate Investment Group LLC increased its position in Home Depot by 1.7% in the third quarter. Stonegate Investment Group LLC now owns 255,117 shares of the home improvement retailer’s stock worth $103,373,000 after buying an additional 4,349 shares during the last quarter. Well Done LLC raised its stake in shares of Home Depot by 1.4% in the third quarter. Well Done LLC now owns 2,450 shares of the home improvement retailer’s stock valued at $993,000 after buying an additional 33 shares during the period. Sax Wealth Advisors LLC grew its stake in shares of Home Depot by 13.2% during the 3rd quarter. Sax Wealth Advisors LLC now owns 1,959 shares of the home improvement retailer’s stock worth $794,000 after acquiring an additional 229 shares during the period. Finally, Kozak & Associates Inc. increased its holdings in Home Depot by 4.4% in the 3rd quarter. Kozak & Associates Inc. now owns 2,014 shares of the home improvement retailer’s stock worth $843,000 after acquiring an additional 85 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Home Depot stock opened at $415.03 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56. The firm has a market cap of $411.55 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a 50-day moving average of $385.10 and a 200-day moving average of $358.53.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the company earned $4.65 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Stifel Nicolaus decreased their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Finally, Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $404.69.

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.