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

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

A number of other institutional investors also recently made changes to their positions in HD. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at approximately $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at approximately $40,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the 3rd quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter valued at approximately $46,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI increased their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Truist Financial upped their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Mizuho raised their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Up 0.7 %

Shares of NYSE:HD traded up $2.80 during midday trading on Friday, hitting $417.22. 488,759 shares of the stock were exchanged, compared to its average volume of 3,362,688. 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 company has a market capitalization of $414.45 billion, a PE ratio of 28.26, a P/E/G ratio of 2.93 and a beta of 1.03. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The business’s fifty day simple moving average is $411.62 and its two-hundred day simple moving average is $377.35.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given 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%.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

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.