Capital Asset Advisory Services LLC Purchases 3,853 Shares of The Home Depot, Inc. $HD

Capital Asset Advisory Services LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 19.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,604 shares of the home improvement retailer’s stock after purchasing an additional 3,853 shares during the period. Capital Asset Advisory Services LLC’s holdings in Home Depot were worth $9,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in Home Depot in the 2nd quarter worth about $28,000. Sagard Holdings Management Inc. purchased a new position in shares of Home Depot during the second quarter worth about $29,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot during the second quarter worth about $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the second quarter worth approximately $35,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Home Depot in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial cut their price target on shares of Home Depot from $379.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Stifel Nicolaus cut their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Telsey Advisory Group reduced their target price on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. JPMorgan Chase & Co. dropped their price target on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Finally, Oppenheimer cut their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a report on Friday, December 5th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Home Depot Stock Down 0.7%

Shares of NYSE:HD opened at $357.18 on Tuesday. The stock has a market capitalization of $355.58 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. The stock’s 50-day moving average price is $367.69 and its 200-day moving average price is $379.30. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

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.