The Home Depot, Inc. (NYSE:HD) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,662 shares of the home improvement retailer’s stock after buying an additional 80 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Home Depot were worth $20,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Investmark Advisory Group LLC lifted its stake in Home Depot by 1.2% in the third quarter. Investmark Advisory Group LLC now owns 13,094 shares of the home improvement retailer’s stock valued at $5,306,000 after buying an additional 153 shares during the last quarter. Investment Management Corp of Ontario lifted its stake in Home Depot by 3.0% in the third quarter. Investment Management Corp of Ontario now owns 33,003 shares of the home improvement retailer’s stock valued at $13,373,000 after buying an additional 976 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Home Depot in the third quarter valued at $76,000. Janus Henderson Group PLC raised its stake in shares of Home Depot by 11.8% during the third quarter. Janus Henderson Group PLC now owns 1,908,760 shares of the home improvement retailer’s stock valued at $773,275,000 after purchasing an additional 201,359 shares in the last quarter. Finally, Harmony Asset Management LLC raised its stake in shares of Home Depot by 16.1% during the third quarter. Harmony Asset Management LLC now owns 14,948 shares of the home improvement retailer’s stock valued at $6,057,000 after purchasing an additional 2,071 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. 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 note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 0.4 %

HD opened at $428.60 on Tuesday. The business has a 50 day moving average price of $407.48 and a 200 day moving average price of $372.20. The Home Depot, Inc. has a twelve month low of $318.96 and a twelve month high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $425.75 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.10%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by insiders.

Home Depot Company 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.