Ascent Group LLC Buys 4,606 Shares of The Home Depot, Inc. (NYSE:HD)

Ascent Group LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 19.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,625 shares of the home improvement retailer’s stock after acquiring an additional 4,606 shares during the period. Home Depot comprises about 0.9% of Ascent Group LLC’s holdings, making the stock its 18th largest holding. Ascent Group LLC’s holdings in Home Depot were worth $11,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin Edwards Inc. boosted its holdings in shares of Home Depot by 1,774.9% during the third quarter. Benjamin Edwards Inc. now owns 207,640 shares of the home improvement retailer’s stock worth $84,166,000 after purchasing an additional 196,565 shares during the period. Atlas Wealth LLC purchased a new position in Home Depot during the 3rd quarter valued at $226,000. Atom Investors LP purchased a new position in shares of Home Depot during the third quarter valued at about $2,246,000. Avalon Global Asset Management LLC boosted its holdings in shares of Home Depot by 46.0% during the 3rd quarter. Avalon Global Asset Management LLC now owns 47,600 shares of the home improvement retailer’s stock valued at $19,288,000 after buying an additional 15,000 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Home Depot in the 3rd quarter worth about $1,330,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the subject of a number of analyst reports. Oppenheimer raised 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 note on Tuesday, September 24th. Royal Bank of Canada lifted their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. TD Cowen raised their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One equities 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. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % 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 stock in a transaction that occurred on Monday, November 18th. The shares were 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 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. Over the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Up 0.5 %

Shares of HD opened at $429.13 on Monday. The business’s 50 day simple moving average is $407.48 and its 200-day simple moving average is $372.20. The Home Depot, Inc. has a 1 year low of $308.59 and a 1 year high of $439.37. The stock has a market capitalization of $426.28 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.98 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 2.10%. Home Depot’s dividend payout ratio (DPR) is presently 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.