2,535 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by Tudor Financial Inc.

Tudor Financial Inc. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,535 shares of the home improvement retailer's stock, valued at approximately $1,027,000.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the 2nd quarter valued at $33,000. Legacy Investment Solutions LLC acquired a new position in Home Depot in the 3rd quarter valued at $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the 3rd quarter valued at $46,000. Finally, Denver PWM LLC acquired a new position in Home Depot in the 2nd quarter valued at $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction dated 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 directly owns 77,475 shares of the company's stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business'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 completion of 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 disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last ninety days. 0.10% of the stock is owned by company insiders.

Home Depot Trading Down 1.7 %

Shares of NYSE HD traded down $6.96 during trading on Thursday, reaching $414.42. The company had a trading volume of 3,590,611 shares, compared to its average volume of 3,374,668. The company's fifty day moving average price is $411.56 and its 200-day moving average price is $377.09. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a market cap of $411.67 billion, a P/E ratio of 28.19, a PEG ratio of 2.98 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm 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 company posted $3.81 EPS. The business's revenue was up 6.6% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

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 paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, November 27th. Home Depot's dividend payout ratio is 61.14%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Piper Sandler lifted their price objective on Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Gordon Haskett upgraded 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. Finally, Melius Research began coverage on Home Depot in a research note on Monday, September 23rd. They issued a "buy" rating and a $420.00 price target on the stock. One investment 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 an average rating of "Moderate Buy" and a consensus target price of $426.00.

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.