The Home Depot, Inc. (NYSE:HD) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,836 shares of the home improvement retailer’s stock after purchasing an additional 1,064 shares during the quarter. Larson Financial Group LLC’s holdings in Home Depot were worth $3,175,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Home Depot in the 2nd quarter worth $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $33,000. Denver PWM LLC purchased a new position in Home Depot in the 2nd quarter worth about $40,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the 3rd quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the second quarter valued at about $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Wells Fargo & Company lifted their target price on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Bank of America increased their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley boosted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 directly owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock opened at $420.00 on Friday. The stock has a 50-day moving average price of $403.23 and a two-hundred day moving average price of $369.04. The Home Depot, Inc. has a 1 year low of $308.31 and a 1 year high of $421.56. The stock has a market cap of $417.21 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during 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 company earned $3.81 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.14%. The ex-dividend date 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.