Root Financial Partners LLC Has $4.96 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Root Financial Partners LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 498.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,521 shares of the home improvement retailer's stock after buying an additional 11,261 shares during the quarter. Home Depot comprises 0.5% of Root Financial Partners LLC's holdings, making the stock its 27th biggest position. Root Financial Partners LLC's holdings in Home Depot were worth $4,955,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Goodman Advisory Group LLC bought a new position in shares of Home Depot during the first quarter worth approximately $56,000. Sovran Advisors LLC grew its position in Home Depot by 5.9% during the first quarter. Sovran Advisors LLC now owns 4,947 shares of the home improvement retailer's stock worth $1,756,000 after buying an additional 276 shares in the last quarter. Cohen Investment Advisors LLC increased its stake in Home Depot by 2,892.0% during the 1st quarter. Cohen Investment Advisors LLC now owns 268,051 shares of the home improvement retailer's stock worth $98,238,000 after acquiring an additional 259,092 shares during the period. RBA Wealth Management LLC raised its holdings in Home Depot by 1.3% in the 1st quarter. RBA Wealth Management LLC now owns 13,591 shares of the home improvement retailer's stock valued at $4,981,000 after acquiring an additional 171 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its holdings in Home Depot by 2.5% in the 1st quarter. Joel Isaacson & Co. LLC now owns 12,591 shares of the home improvement retailer's stock valued at $4,615,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the completion of the transaction, the executive vice president now owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of HD stock opened at $368.36 on Friday. The firm has a market capitalization of $366.49 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.51 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The business's 50-day moving average price is $363.55 and its 200-day moving average price is $377.53. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The business had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. The firm's quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $2.30 dividend. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.50%. Home Depot's dividend payout ratio is 62.42%.

Analyst Ratings Changes

A number of research analysts recently commented on HD shares. Jefferies Financial Group decreased their price target on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Wells Fargo & Company decreased their target price on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Piper Sandler dropped their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Truist Financial increased their price target on shares of Home Depot from $393.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

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.

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