Tounjian Advisory Partners LLC Makes New $5.58 Million Investment in The Home Depot, Inc. (NYSE:HD)

Tounjian Advisory Partners LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,234 shares of the home improvement retailer's stock, valued at approximately $5,583,000. Home Depot accounts for about 1.0% of Tounjian Advisory Partners LLC's investment portfolio, making the stock its 25th biggest position.

Several other large investors also recently modified their holdings of HD. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the 4th quarter valued at $28,000. Navigoe LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $32,000. Quarry LP increased its position in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 66 shares during the period. Finally, Sellwood Investment Partners LLC acquired a new stake in Home Depot in the 4th quarter worth about $39,000. 70.86% of the stock is owned by institutional investors.

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 on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the sale, the executive vice president now directly owns 7,951 shares of the company's stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the transaction, the executive vice president now directly owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Piper Sandler dropped their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Royal Bank of Canada decreased their price target on Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 price objective (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Truist Financial boosted their price objective on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Down 0.5%

Home Depot stock opened at $367.45 on Monday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm's 50-day simple moving average is $361.63 and its 200 day simple moving average is $384.44. The stock has a market cap of $365.59 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the previous year, the business posted $3.63 earnings per share. The business's revenue was up 9.4% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

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.

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