Darwin Wealth Management LLC Makes New $2.63 Million Investment in The Home Depot, Inc. (NYSE:HD)

Darwin Wealth Management LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,493 shares of the home improvement retailer's stock, valued at approximately $2,631,000.

Several other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new position in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter worth about $33,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the third quarter worth about $46,000. Denver PWM LLC bought a new stake in Home Depot in the second quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer's stock valued at $48,000 after acquiring an additional 51 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research note on Tuesday, September 24th. TD Cowen lifted their target price on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Stifel Nicolaus boosted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Insider Activity at Home Depot

In other 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 transaction, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Home Depot Trading Down 1.7 %

HD traded down $6.82 during trading on Wednesday, reaching $399.98. The company had a trading volume of 4,730,652 shares, compared to its average volume of 3,386,978. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56. The stock has a market cap of $397.30 billion, a P/E ratio of 27.35, a PEG ratio of 2.84 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 business has a 50 day simple moving average of $401.13 and a 200-day simple moving average of $367.78.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $3.81 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

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

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.