The Home Depot, Inc. (NYSE:HD) Shares Purchased by Brass Tax Wealth Management Inc.

Brass Tax Wealth Management Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 30.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 788 shares of the home improvement retailer’s stock after purchasing an additional 184 shares during the quarter. Brass Tax Wealth Management Inc.’s holdings in Home Depot were worth $319,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Home Depot in the second quarter worth $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the second quarter worth $33,000. Denver PWM LLC purchased a new position in Home Depot in the second quarter worth $40,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the third quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter worth $46,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Finally, Mizuho raised their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Trading Up 0.7 %

NYSE:HD traded up $2.80 during mid-day trading on Friday, reaching $417.22. The company’s stock had a trading volume of 488,759 shares, compared to its average volume of 3,362,688. The company’s fifty day simple moving average is $411.62 and its two-hundred day simple moving average is $377.35. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The stock has a market cap of $414.45 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.93 and a beta of 1.03.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates 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 was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.81 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio 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.