Independent Solutions Wealth Management LLC Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Independent Solutions Wealth Management LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 8.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,652 shares of the home improvement retailer’s stock after purchasing an additional 701 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Home Depot were worth $3,506,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Lantz Financial LLC grew its stake in shares of Home Depot by 1.5% in the second quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after purchasing an additional 89 shares during the last quarter. My Legacy Advisors LLC bought a new position in Home Depot in the 2nd quarter worth $2,251,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Home Depot by 8.5% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,090 shares of the home improvement retailer’s stock worth $2,096,000 after purchasing an additional 478 shares during the period. LVZ Inc. increased its position in shares of Home Depot by 37.9% during the second quarter. LVZ Inc. now owns 982 shares of the home improvement retailer’s stock valued at $338,000 after buying an additional 270 shares during the period. Finally, JB Capital LLC grew its stake in Home Depot by 1.5% in the second quarter. JB Capital LLC now owns 6,692 shares of the home improvement retailer’s stock worth $2,303,000 after purchasing an additional 97 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The stock was 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 in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 1.6 %

Home Depot stock traded down $6.17 during midday trading on Thursday, reaching $387.65. The stock had a trading volume of 2,275,207 shares, compared to its average volume of 3,369,939. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market cap of $385.08 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a fifty day moving average of $411.28 and a 200 day moving average of $379.89.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.81 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. Home Depot’s dividend payout ratio is currently 61.14%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HD. Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. DA Davidson raised their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Truist Financial upped their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.

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.