The Home Depot, Inc. (NYSE:HD) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 20.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,571 shares of the home improvement retailer’s stock after buying an additional 2,845 shares during the period. Assetmark Inc.’s holdings in Home Depot were worth $4,573,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Measured Wealth Private Client Group LLC grew its stake in shares of Home Depot by 1.5% in the second quarter. Measured Wealth Private Client Group LLC now owns 2,294 shares of the home improvement retailer’s stock worth $629,000 after acquiring an additional 33 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its stake in shares of Home Depot by 5.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock worth $178,000 after acquiring an additional 33 shares in the last quarter. First National Corp MA ADV grew its stake in shares of Home Depot by 1.4% in the second quarter. First National Corp MA ADV now owns 2,505 shares of the home improvement retailer’s stock worth $687,000 after acquiring an additional 35 shares in the last quarter. Personal CFO Solutions LLC grew its stake in shares of Home Depot by 1.2% during the second quarter. Personal CFO Solutions LLC now owns 2,872 shares of the home improvement retailer’s stock worth $788,000 after purchasing an additional 35 shares in the last quarter. Finally, Insight Folios Inc grew its stake in shares of Home Depot by 2.1% during the second quarter. Insight Folios Inc now owns 1,730 shares of the home improvement retailer’s stock worth $475,000 after purchasing an additional 36 shares in the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.4 %

NYSE HD opened at $331.21 on Tuesday. The stock has a market capitalization of $339.07 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.77 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $382.01. The firm has a 50-day moving average price of $319.13 and a 200 day moving average price of $301.30. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16.

Home Depot (NYSE:HDGet Rating) last issued its earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The company had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. During the same period in the prior year, the business posted $3.92 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts expect that The Home Depot, Inc. will post 16.64 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 annualized dividend and a yield of 2.29%. Home Depot’s payout ratio is currently 45.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HD shares. Cowen boosted their target price on shares of Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 13th. MKM Partners lowered their target price on shares of Home Depot from $330.00 to $312.00 in a research note on Wednesday, November 9th. Piper Sandler lowered their target price on shares of Home Depot from $327.00 to $323.00 and set a “neutral” rating for the company in a research note on Wednesday, November 16th. Citigroup lowered their target price on shares of Home Depot from $348.00 to $340.00 in a research note on Monday, October 31st. Finally, Jefferies Financial Group boosted their target price on shares of Home Depot from $392.00 to $394.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $341.24.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at $1,222,747.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Fahim Siddiqui sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at $1,222,747.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula Santilli purchased 1,583 shares of the stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at $499,911.40. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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

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