First Horizon Advisors Inc. Buys 4,502 Shares of The Home Depot, Inc. (NYSE:HD)

First Horizon Advisors Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,262 shares of the home improvement retailer's stock after buying an additional 4,502 shares during the period. Home Depot accounts for approximately 1.3% of First Horizon Advisors Inc.'s portfolio, making the stock its 9th largest position. First Horizon Advisors Inc.'s holdings in Home Depot were worth $46,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Abacus Wealth Partners LLC grew its position in shares of Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock worth $285,000 after buying an additional 25 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock valued at $1,469,000 after acquiring an additional 25 shares during the period. Capital City Trust Co. FL boosted its holdings in shares of Home Depot by 1.1% during the third quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer's stock valued at $1,011,000 after acquiring an additional 26 shares during the period. Ruedi Wealth Management Inc. boosted its holdings in shares of Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock valued at $817,000 after acquiring an additional 27 shares during the period. Finally, Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer's stock valued at $291,000 after acquiring an additional 28 shares during the period. Institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. Gordon Haskett raised shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Melius Research began coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price target on the stock. Finally, Guggenheim boosted their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $426.00.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company's stock.

Home Depot Price Performance

NYSE:HD traded down $6.82 during trading hours on Wednesday, reaching $399.98. The company had a trading volume of 4,730,652 shares, compared to its average volume of 3,386,978. The stock has a 50-day moving average of $401.13 and a two-hundred day moving average of $367.78. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The firm has a market capitalization of $397.30 billion, a PE ratio of 27.35, a PEG ratio of 2.84 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The business's revenue was up 6.6% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

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

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.