82,239 Shares in The Home Depot, Inc. (NYSE:HD) Bought by LGT Capital Partners LTD.

LGT Capital Partners LTD. purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 82,239 shares of the home improvement retailer's stock, valued at approximately $33,323,000. Home Depot accounts for 1.2% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 29th largest position.

Other large investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the 2nd quarter worth about $33,000. Denver PWM LLC purchased a new stake in Home Depot in the second quarter worth approximately $40,000. Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.9 %

Shares of HD traded down $3.70 during trading hours on Tuesday, reaching $406.74. 1,796,836 shares of the company traded hands, compared to its average volume of 3,374,546. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. The stock's fifty day moving average price is $400.41 and its 200 day moving average price is $367.33. The firm has a market cap of $404.01 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. During the same period in the prior year, the firm earned $3.81 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HD shares. Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. Wells Fargo & Company boosted their price target on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price target on the stock in a research note on Wednesday, October 2nd. Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Finally, Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $426.00.

Home Depot 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.