OneAscent Financial Services LLC Takes $1.42 Million Position in The Home Depot, Inc. (NYSE:HD)

OneAscent Financial Services LLC bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,504 shares of the home improvement retailer's stock, valued at approximately $1,420,000. Home Depot accounts for 1.0% of OneAscent Financial Services LLC's portfolio, making the stock its 18th largest position.

Other hedge funds also recently made changes to their positions in the company. Whalen Wealth Management Inc. purchased a new position in Home Depot during the 3rd quarter valued at about $401,000. Knuff & Co LLC lifted its position in shares of Home Depot by 1.2% during the third quarter. Knuff & Co LLC now owns 8,676 shares of the home improvement retailer's stock worth $3,516,000 after purchasing an additional 100 shares in the last quarter. Caprock Group LLC increased its stake in shares of Home Depot by 0.9% in the third quarter. Caprock Group LLC now owns 38,109 shares of the home improvement retailer's stock worth $15,442,000 after buying an additional 330 shares during the last quarter. Pathstone Holdings LLC increased its stake in Home Depot by 2.7% during the third quarter. Pathstone Holdings LLC now owns 190,726 shares of the home improvement retailer's stock valued at $77,276,000 after purchasing an additional 4,938 shares during the last quarter. Finally, Lindenwold Advisors INC grew its position in shares of Home Depot by 1.0% during the third quarter. Lindenwold Advisors INC now owns 5,895 shares of the home improvement retailer's stock worth $2,389,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Truist Financial lifted their price target on Home Depot from $459.00 to $465.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a report on Tuesday, September 24th. One equities research 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Stock Performance

Shares of NYSE HD traded down $3.56 during mid-day trading on Tuesday, hitting $406.88. The stock had a trading volume of 3,228,816 shares, compared to its average volume of 3,380,938. 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 50 day moving average of $401.13 and a two-hundred day moving average of $367.78. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56. The firm has a market cap of $404.15 billion, a PE ratio of 27.64, a PEG ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last issued 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 net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period last year, the company posted $3.81 EPS. Home Depot's quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.21%. Home Depot's dividend payout ratio (DPR) is presently 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.