Founders Grove Wealth Partners LLC Buys Shares of 2,359 The Home Depot, Inc. (NYSE:HD)

Founders Grove Wealth Partners LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,359 shares of the home improvement retailer's stock, valued at approximately $918,000.

A number of other hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in shares of Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after buying an additional 8,762,735 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Home Depot in the third quarter valued at approximately $336,231,000. FMR LLC lifted its stake in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after acquiring an additional 795,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Home Depot by 295.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer's stock worth $280,932,000 after acquiring an additional 518,054 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $159,365,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on HD. Loop Capital raised Home Depot from a "hold" rating to a "buy" rating and increased their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They set a "buy" rating and a $420.00 price target on the stock. Morgan Stanley boosted their price objective on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Finally, Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Trading Up 0.8 %

NYSE HD traded up $3.12 during mid-day trading on Thursday, hitting $409.21. The company's stock had a trading volume of 2,300,973 shares, compared to its average volume of 3,217,496. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock's fifty day simple moving average is $406.24 and its two-hundred day simple moving average is $386.78. The firm has a market capitalization of $406.50 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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 net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. Research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot's payout ratio is currently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the business'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 transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the sale, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company's stock.

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.