Ascent Wealth Partners LLC Buys 2,210 Shares of The Home Depot, Inc. (NYSE:HD)

Ascent Wealth Partners LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,506 shares of the home improvement retailer's stock after buying an additional 2,210 shares during the period. Home Depot comprises approximately 1.4% of Ascent Wealth Partners LLC's portfolio, making the stock its 18th biggest position. Ascent Wealth Partners LLC's holdings in Home Depot were worth $10,447,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Planning Services Inc. LA ADV boosted its position in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after purchasing an additional 18,956,701 shares during the last quarter. Norges Bank acquired a new stake in Home Depot during the fourth quarter valued at $5,032,910,000. GAMMA Investing LLC boosted its position in Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the last quarter. Northern Trust Corp boosted its position in Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in Home Depot during the fourth quarter valued at $471,189,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Truist Financial lifted their price objective on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Monday, June 30th. Royal Bank Of Canada reduced their price objective on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. TD Securities cut Home Depot to a "buy" rating in a research report on Monday, June 2nd. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Performance

Shares of Home Depot stock traded up $0.28 during trading on Friday, reaching $359.32. The company's stock had a trading volume of 3,360,940 shares, compared to its average volume of 3,434,372. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The business's fifty day moving average price is $366.09 and its 200-day moving average price is $374.69. The firm has a market cap of $357.50 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. During the same quarter in the prior year, the firm earned $3.63 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.56%. Home Depot's dividend payout ratio is 62.42%.

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.