OneAscent Wealth Management LLC Buys Shares of 788 The Home Depot, Inc. (NYSE:HD)

OneAscent Wealth Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 788 shares of the home improvement retailer’s stock, valued at approximately $319,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Fairway Wealth LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new stake in Home Depot in the second quarter worth approximately $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the 3rd quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Home Depot during the 2nd quarter valued at $47,000. Hedge funds and other institutional investors 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 on 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 completion of the sale, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stifel Nicolaus increased their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Truist Financial lifted 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 increased their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Mizuho upped their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Up 0.6 %

Shares of NYSE:HD opened at $410.44 on Tuesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The stock has a market cap of $407.69 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 2.84 and a beta of 1.01. The company has a 50 day moving average of $400.41 and a 200-day moving average of $367.33. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the business earned $3.81 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Home Depot 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.