The Home Depot, Inc. (NYSE:HD) Shares Purchased by Buckingham Strategic Wealth LLC

Buckingham Strategic Wealth LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the third quarter, Holdings Channel reports. The institutional investor owned 25,178 shares of the home improvement retailer’s stock after acquiring an additional 927 shares during the quarter. Buckingham Strategic Wealth LLC’s holdings in Home Depot were worth $8,265,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Core Alternative Capital purchased a new stake in shares of Home Depot during the 3rd quarter worth $29,000. Activest Wealth Management purchased a new stake in shares of Home Depot in the second quarter valued at about $34,000. Strategic Asset Management LLC acquired a new position in shares of Home Depot during the third quarter worth about $41,000. Boit C F David acquired a new position in shares of Home Depot during the second quarter worth about $104,000. Finally, Advanced Research Investment Solutions LLC increased its stake in shares of Home Depot by 1,262.5% during the third quarter. Advanced Research Investment Solutions LLC now owns 327 shares of the home improvement retailer’s stock worth $107,000 after acquiring an additional 303 shares during the period. Hedge funds and other institutional investors own 69.53% of the company’s stock.

Shares of Home Depot stock traded down $11.91 during trading on Friday, hitting $375.07. The stock had a trading volume of 135,435 shares, compared to its average volume of 3,697,643. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 35.47. The company has a market capitalization of $391.66 billion, a PE ratio of 25.64, a P/E/G ratio of 2.06 and a beta of 0.98. The stock has a 50 day simple moving average of $398.48 and a 200 day simple moving average of $356.74. The Home Depot, Inc. has a 1 year low of $246.59 and a 1 year high of $420.61.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 16th. The home improvement retailer reported $3.92 EPS for the quarter, topping the consensus estimate of $3.41 by $0.51. The business had revenue of $36.82 billion during the quarter, compared to analysts’ expectations of $34.87 billion. Home Depot had a net margin of 10.79% and a return on equity of 786.90%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $3.18 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 15.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 16th. Investors of record on Thursday, December 2nd were issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, December 1st. Home Depot’s dividend payout ratio is currently 44.12%.

A number of brokerages have recently issued reports on HD. DA Davidson boosted their price target on shares of Home Depot from $395.00 to $420.00 in a research note on Thursday, December 30th. Robert W. Baird upped their price target on shares of Home Depot from $360.00 to $425.00 and gave the company an “outperform” rating in a report on Tuesday, November 16th. Oppenheimer raised shares of Home Depot from a “market perform” rating to an “outperform” rating and set a $470.00 price objective on the stock in a research note on Monday, December 6th. Truist Securities raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their price target for the stock from $420.00 to $448.00 in a research note on Thursday. Finally, Piper Sandler increased their price objective on shares of Home Depot from $323.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 17th. Five research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Buy” and a consensus target price of $419.16.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 18,878 shares of Home Depot stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $395.19, for a total value of $7,460,396.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 14,544 shares of Home Depot stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $392.83, for a total transaction of $5,713,319.52. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Read More: Fundamental Analysis

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.