Capital Counsel LLC NY Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Capital Counsel LLC NY increased its position in The Home Depot, Inc. (NYSE:HD) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 315,331 shares of the home improvement retailer’s stock after purchasing an additional 297 shares during the quarter. Home Depot makes up 5.5% of Capital Counsel LLC NY’s holdings, making the stock its 10th largest position. Capital Counsel LLC NY’s holdings in Home Depot were worth $127,772,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC bought a new stake in Home Depot in the 2nd quarter valued at $33,000. Denver PWM LLC acquired a new position in Home Depot in the 2nd quarter valued at $40,000. Livelsberger Financial Advisory bought a new position in Home Depot during the 3rd quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the second quarter worth $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

HD stock opened at $429.62 on Wednesday. The Home Depot, Inc. has a 1 year low of $308.59 and a 1 year high of $439.37. The stock has a market capitalization of $426.77 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.98 and a beta of 1.01. The company’s 50-day moving average is $405.09 and its 200-day moving average is $370.41. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS 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 during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter last year, the firm posted $3.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Wells Fargo & Company raised their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Truist Financial boosted their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley lifted their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $426.00.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value 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. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by 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.