Financial Counselors Inc. Acquires 3,566 Shares of The Home Depot, Inc. (NYSE:HD)

Financial Counselors Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,186 shares of the home improvement retailer’s stock after acquiring an additional 3,566 shares during the period. Financial Counselors Inc.’s holdings in Home Depot were worth $57,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Noesis Capital Mangement Corp increased its position in Home Depot by 35.7% during the 3rd quarter. Noesis Capital Mangement Corp now owns 2,407 shares of the home improvement retailer’s stock worth $975,000 after buying an additional 633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Home Depot by 5.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer’s stock worth $3,253,952,000 after buying an additional 409,890 shares during the period. Public Sector Pension Investment Board increased its position in Home Depot by 342.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 168,139 shares of the home improvement retailer’s stock worth $68,130,000 after buying an additional 130,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Home Depot by 0.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 498,373 shares of the home improvement retailer’s stock worth $201,941,000 after buying an additional 4,374 shares during the period. Finally, Providence Capital Advisors LLC increased its position in Home Depot by 0.8% during the 3rd quarter. Providence Capital Advisors LLC now owns 21,574 shares of the home improvement retailer’s stock worth $8,742,000 after buying an additional 178 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. UBS Group raised their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Finally, Truist Financial raised their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Trading Down 0.5 %

NYSE HD opened at $427.32 on Thursday. The firm has a market capitalization of $424.48 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.98 and a beta of 1.01. The business’s 50-day moving average price is $405.95 and its two-hundred day moving average price is $370.81. 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 Home Depot, Inc. has a 12 month low of $308.59 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business 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 firm’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company 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 2.11%. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated 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 transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 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.