Atlas Wealth LLC Purchases Shares of 557 The Home Depot, Inc. (NYSE:HD)

Atlas Wealth LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) during the third quarter, HoldingsChannel reports. The institutional investor bought 557 shares of the home improvement retailer’s stock, valued at approximately $226,000.

A number of other institutional investors have also made changes to their positions in HD. Fragasso Financial Advisors Inc lifted its position in shares of Home Depot by 5.7% during the second quarter. Fragasso Financial Advisors Inc now owns 2,110 shares of the home improvement retailer’s stock worth $726,000 after purchasing an additional 113 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of Home Depot in the second quarter worth $152,000. New England Research & Management Inc. increased its stake in shares of Home Depot by 8.6% in the second quarter. New England Research & Management Inc. now owns 632 shares of the home improvement retailer’s stock worth $218,000 after buying an additional 50 shares during the last quarter. Sage Capital Advisors llc increased its stake in shares of Home Depot by 0.8% in the second quarter. Sage Capital Advisors llc now owns 19,179 shares of the home improvement retailer’s stock worth $6,602,000 after buying an additional 153 shares during the last quarter. Finally, Value Partners Investments Inc. increased its stake in shares of Home Depot by 63.6% in the second quarter. Value Partners Investments Inc. now owns 83,056 shares of the home improvement retailer’s stock worth $28,591,000 after buying an additional 32,273 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.5 %

Shares of Home Depot stock opened at $429.13 on Monday. The stock has a market capitalization of $426.28 billion, a P/E ratio of 29.15, a PEG ratio of 2.98 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a 50 day moving average price of $407.48 and a two-hundred day moving average price of $372.20. 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 posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the prior year, the business earned $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.10%. Home Depot’s dividend payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HD. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Guggenheim boosted their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is owned by corporate insiders.

About Home Depot

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.