Accretive Wealth Partners LLC Sells 174 Shares of The Home Depot, Inc. (NYSE:HD)

Accretive Wealth Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,074 shares of the home improvement retailer’s stock after selling 174 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Home Depot were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James Trust N.A. grew its holdings in shares of Home Depot by 0.7% during the third quarter. Raymond James Trust N.A. now owns 148,540 shares of the home improvement retailer’s stock worth $60,188,000 after purchasing an additional 990 shares during the last quarter. AlphaCore Capital LLC grew its holdings in Home Depot by 5.5% during the 3rd quarter. AlphaCore Capital LLC now owns 8,168 shares of the home improvement retailer’s stock worth $3,310,000 after acquiring an additional 429 shares during the last quarter. 49 Wealth Management LLC increased its position in Home Depot by 15.9% in the 3rd quarter. 49 Wealth Management LLC now owns 1,124 shares of the home improvement retailer’s stock valued at $456,000 after acquiring an additional 154 shares in the last quarter. Lathrop Investment Management Corp raised its stake in shares of Home Depot by 0.4% in the third quarter. Lathrop Investment Management Corp now owns 38,047 shares of the home improvement retailer’s stock worth $15,417,000 after acquiring an additional 165 shares during the last quarter. Finally, L & S Advisors Inc lifted its position in shares of Home Depot by 3.0% during the third quarter. L & S Advisors Inc now owns 7,760 shares of the home improvement retailer’s stock worth $3,144,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, 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. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HD. Evercore ISI upped 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. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Wells Fargo & Company lifted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Oppenheimer upped their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Finally, TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

HD opened at $410.18 on Friday. 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 company has a market capitalization of $407.43 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.83 and a beta of 1.01. The business’s 50-day moving average price is $402.43 and its two-hundred day moving average price is $368.30. The Home Depot, Inc. has a 1 year low of $306.48 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.81 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot’s payout ratio is currently 61.14%.

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.