TD Private Client Wealth LLC Raises Stake in The Home Depot, Inc. (NYSE:HD)

TD Private Client Wealth LLC raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,563 shares of the home improvement retailer's stock after acquiring an additional 2,150 shares during the quarter. TD Private Client Wealth LLC's holdings in Home Depot were worth $7,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Texas Capital Bank Wealth Management Services Inc raised its holdings in Home Depot by 27.6% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after purchasing an additional 5,879 shares in the last quarter. Pegasus Asset Management Inc. raised its stake in Home Depot by 1.8% during the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock worth $2,024,000 after acquiring an additional 86 shares in the last quarter. Swedbank AB lifted its position in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after acquiring an additional 132,967 shares during the last quarter. LGT Group Foundation boosted its stake in Home Depot by 121.0% in the second quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer's stock valued at $92,727,000 after acquiring an additional 147,482 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Home Depot by 14.3% during the third quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer's stock worth $273,055,000 after purchasing an additional 84,062 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE:HD traded down $1.21 on Wednesday, hitting $421.38. The company had a trading volume of 4,209,757 shares, compared to its average volume of 3,373,759. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $418.58 billion, a PE ratio of 28.86, a PEG ratio of 2.98 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 has a 50 day moving average of $411.36 and a 200 day moving average of $376.78.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.14%. Home Depot's dividend payout ratio (DPR) is presently 61.14%.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. Piper Sandler upped their target price on Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. Melius Research started coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a "buy" rating and a $420.00 target price on the stock. Truist Financial increased 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. Finally, Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. One 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $426.00.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the 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 transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 in the last quarter. 0.10% of the stock is currently owned by company 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.