The Home Depot, Inc. (NYSE:HD) Shares Acquired by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 26,475 shares of the home improvement retailer’s stock after purchasing an additional 624 shares during the quarter. Home Depot comprises about 1.5% of Ascent Wealth Partners LLC’s holdings, making the stock its 14th largest holding. Ascent Wealth Partners LLC’s holdings in Home Depot were worth $9,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HD. Harvest Investment Advisors LLC raised its position in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after purchasing an additional 30 shares during the period. Armstrong Henry H Associates Inc. raised its position in shares of Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after purchasing an additional 30 shares during the period. CGC Financial Services LLC increased its position in Home Depot by 4.3% during the fourth quarter. CGC Financial Services LLC now owns 722 shares of the home improvement retailer’s stock worth $250,000 after acquiring an additional 30 shares during the period. Independent Investors Inc. increased its position in Home Depot by 0.5% during the fourth quarter. Independent Investors Inc. now owns 6,052 shares of the home improvement retailer’s stock worth $2,097,000 after acquiring an additional 30 shares during the period. Finally, PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Guggenheim boosted their target price on shares of Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Wedbush boosted their target price on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday. Telsey Advisory Group boosted their target price on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a research report on Monday. Evercore ISI boosted their target price on shares of Home Depot from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Citigroup boosted their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $376.35.

Get Our Latest Report on Home Depot

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Home Depot Stock Down 1.4 %

Shares of NYSE HD opened at $363.00 on Wednesday. The firm’s 50-day simple moving average is $369.63 and its 200 day simple moving average is $335.67. The company has a market cap of $359.74 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.48%. Home Depot’s dividend payout ratio is 59.60%.

Home Depot Company Profile

(Free Report)

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 d├ęcor 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.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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