Ascent Wealth Partners LLC Has $10.24 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Ascent Wealth Partners LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,680 shares of the home improvement retailer’s stock after acquiring an additional 205 shares during the quarter. Home Depot accounts for about 1.5% of Ascent Wealth Partners LLC’s holdings, making the stock its 16th largest position. Ascent Wealth Partners LLC’s holdings in Home Depot were worth $10,235,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HD. Obsidian Personal Planning Solutions LLC acquired a new stake in shares of Home Depot during the third quarter worth $262,000. Blueprint Investment Partners LLC raised its holdings in Home Depot by 93.6% during the third quarter. Blueprint Investment Partners LLC now owns 3,604 shares of the home improvement retailer’s stock worth $1,089,000 after acquiring an additional 1,742 shares in the last quarter. Camarda Financial Advisors LLC increased its position in Home Depot by 9.1% during the third quarter. Camarda Financial Advisors LLC now owns 1,211 shares of the home improvement retailer’s stock worth $366,000 after buying an additional 101 shares during the last quarter. Exchange Bank increased its position in Home Depot by 8.3% during the third quarter. Exchange Bank now owns 2,652 shares of the home improvement retailer’s stock worth $801,000 after buying an additional 204 shares during the last quarter. Finally, Monograph Wealth Advisors LLC acquired a new position in shares of Home Depot in the third quarter valued at approximately $266,000. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

Home Depot stock traded up $0.94 during mid-day trading on Friday, reaching $334.58. The company had a trading volume of 3,437,489 shares, compared to its average volume of 3,256,767. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market capitalization of $331.77 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.30 and a beta of 0.98. The stock’s 50-day simple moving average is $338.47 and its 200-day simple moving average is $352.19.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the business earned $3.82 earnings per share. Home Depot’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HD. TD Cowen decreased their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Truist Financial reduced their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. HSBC reduced their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company cut their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $378.42.

About Home Depot

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.