GW Henssler & Associates Ltd. Increases Stake in The Home Depot, Inc. (NYSE:HD)

GW Henssler & Associates Ltd. increased its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,928 shares of the home improvement retailer’s stock after buying an additional 151 shares during the period. GW Henssler & Associates Ltd.’s holdings in Home Depot were worth $6,603,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Personal Financial Services increased its position in shares of Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 43 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $28,000. Mizuho Securities Co. Ltd. increased its position in shares of Home Depot by 119.5% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 49 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC purchased a new stake in shares of Home Depot in the 3rd quarter valued at approximately $41,000. 68.31% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD opened at $317.69 on Wednesday. The company has a 50-day simple moving average of $320.86 and a 200-day simple moving average of $302.94. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16. The company has a market capitalization of $325.23 billion, a PE ratio of 19.15, a P/E/G ratio of 1.69 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $374.67.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.13. The business had revenue of $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.92 EPS. Equities research analysts predict that The Home Depot, Inc. will post 16.64 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.39%. Home Depot’s dividend payout ratio is presently 45.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. TheStreet upgraded shares of Home Depot from a “c+” rating to a “b” rating in a report on Tuesday, November 15th. MKM Partners lowered their target price on shares of Home Depot from $330.00 to $312.00 in a report on Wednesday, November 9th. Piper Sandler lowered their target price on shares of Home Depot from $327.00 to $323.00 and set a “neutral” rating for the company in a report on Wednesday, November 16th. Raymond James cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $347.00 to $300.00 in a report on Friday, November 11th. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $341.24.

Insider Buying and Selling at Home Depot

In other Home Depot news, Director Paula Santilli purchased 1,583 shares of the stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at $499,911.40. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the sale, the executive vice president now directly owns 3,928 shares in the company, valued at $1,222,747.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paula Santilli acquired 1,583 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was purchased at an average cost of $315.80 per share, with a total value of $499,911.40. Following the transaction, the director now owns 1,583 shares of the company’s stock, valued at $499,911.40. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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

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