Second Half Financial Partners LLC Invests $418,000 in The Home Depot, Inc. (NYSE:HD)

Second Half Financial Partners LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,031 shares of the home improvement retailer’s stock, valued at approximately $418,000.

Several other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp boosted its stake in Home Depot by 10.7% in the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares during the last quarter. Edgestream Partners L.P. increased its position in shares of Home Depot by 57.7% in the 1st quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer’s stock valued at $1,115,000 after acquiring an additional 1,063 shares during the period. MQS Management LLC raised its stake in Home Depot by 400.5% in the 1st quarter. MQS Management LLC now owns 3,028 shares of the home improvement retailer’s stock worth $1,162,000 after acquiring an additional 2,423 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Home Depot during the 1st quarter worth about $1,906,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Home Depot Stock Performance

NYSE HD opened at $410.44 on Tuesday. 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 1-year low of $302.34 and a 1-year high of $421.56. The company has a market cap of $407.69 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The stock’s 50 day simple moving average is $400.41 and its 200-day simple moving average is $367.33.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share 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 company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the firm posted $3.81 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot’s payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HD shares. Evercore ISI increased their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Truist Financial increased their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.