The Home Depot, Inc. (NYSE:HD) Shares Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp boosted its position in The Home Depot, Inc. (NYSE:HD) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 964 shares of the home improvement retailer’s stock after purchasing an additional 30 shares during the quarter. Chase Investment Counsel Corp’s holdings in Home Depot were worth $390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HD. Souders Financial Advisors lifted its position in shares of Home Depot by 1.9% in the 3rd quarter. Souders Financial Advisors now owns 17,227 shares of the home improvement retailer’s stock valued at $6,980,000 after acquiring an additional 320 shares in the last quarter. Community Bank & Trust Waco Texas increased its stake in Home Depot by 1.7% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 19,261 shares of the home improvement retailer’s stock valued at $7,805,000 after buying an additional 319 shares during the period. Empower Advisory Group LLC lifted its position in Home Depot by 1.7% in the 3rd quarter. Empower Advisory Group LLC now owns 332,921 shares of the home improvement retailer’s stock worth $134,900,000 after buying an additional 5,425 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Home Depot by 14.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 20,783 shares of the home improvement retailer’s stock valued at $8,421,000 after acquiring an additional 2,563 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC boosted its position in Home Depot by 2.6% during the third quarter. Commonwealth Retirement Investments LLC now owns 18,269 shares of the home improvement retailer’s stock valued at $7,402,000 after purchasing an additional 468 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on HD shares. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Piper Sandler increased their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Oppenheimer upped their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $423.74.

Home Depot Trading Down 1.3 %

HD opened at $403.17 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $287.24 and a fifty-two week high of $421.56. The company has a market cap of $400.46 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $396.76 and a 200 day simple moving average of $365.25.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the previous year, the firm earned $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.23%. Home Depot’s dividend payout ratio is 60.57%.

Home Depot 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.