Austin Private Wealth LLC Sells 65 Shares of The Home Depot, Inc. (NYSE:HD)

by · The Cerbat Gem

Austin Private Wealth LLC trimmed its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958 shares of the home improvement retailer’s stock after selling 65 shares during the period. Austin Private Wealth LLC’s holdings in Home Depot were worth $794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp increased its holdings in Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Home Depot by 5.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares in the last quarter. Diversified LLC increased its holdings in Home Depot by 9.6% during the 1st quarter. Diversified LLC now owns 3,608 shares of the home improvement retailer’s stock worth $1,384,000 after purchasing an additional 316 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Home Depot by 2.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 38,031 shares of the home improvement retailer’s stock worth $14,588,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Nicollet Investment Management Inc. bought a new stake in Home Depot during the 1st quarter worth approximately $3,236,000. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on HD shares. Guggenheim boosted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Barclays boosted their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday. Royal Bank of Canada cut their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Finally, Morgan Stanley boosted their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $415.26.

View Our Latest Stock Report on HD

Home Depot Trading Up 1.2 %

NYSE:HD opened at $400.21 on Wednesday. The company has a market cap of $397.53 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.72 and a beta of 1.01. The stock’s fifty day moving average price is $393.49 and its two-hundred day moving average price is $362.92. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD – Get Free Report) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.65 earnings per share. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Home Depot Profile

(Free Report)

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.

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