OneAscent Family Office LLC Buys 1,640 Shares of The Home Depot, Inc. (NYSE:HD)

OneAscent Family Office LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 146.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,758 shares of the home improvement retailer's stock after purchasing an additional 1,640 shares during the quarter. Home Depot accounts for 0.9% of OneAscent Family Office LLC's portfolio, making the stock its 21st largest position. OneAscent Family Office LLC's holdings in Home Depot were worth $1,010,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Hurlow Wealth Management Group Inc. increased its position in Home Depot by 1.3% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after acquiring an additional 27 shares during the period. Invst LLC increased its position in Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after purchasing an additional 28 shares during the period. Financial Insights Inc. increased its position in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after purchasing an additional 28 shares during the period. Wayfinding Financial LLC increased its position in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after purchasing an additional 28 shares during the period. Finally, Pure Portfolios Holdings LLC increased its position in Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Robert W. Baird reduced their target price on Home Depot from $430.00 to $425.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on Home Depot from $410.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 target price (up previously from $410.00) on shares of Home Depot in a research note on Tuesday, May 20th. TD Securities lowered Home Depot to a "buy" rating in a research note on Monday, June 2nd. Finally, Wells Fargo & Company set a $420.00 price target on Home Depot and gave the stock an "overweight" rating in a research note on Monday, June 30th. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Trading Up 1.3%

NYSE HD traded up $4.64 on Monday, hitting $364.04. 3,503,660 shares of the stock were exchanged, compared to its average volume of 3,442,646. The company's 50-day moving average price is $366.03 and its two-hundred day moving average price is $374.29. The company has a market capitalization of $362.20 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 3.42 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the firm posted $3.63 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued 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 dividend yield of 2.53%. Home Depot's payout ratio is 62.42%.

Insider Transactions at Home Depot

In related news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on 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 directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% 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.

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.