The Home Depot, Inc. (NYSE:HD) is General Partner Inc.’s 7th Largest Position

General Partner Inc. increased its position in The Home Depot, Inc. (NYSE:HD) by 7.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,979 shares of the home improvement retailer’s stock after acquiring an additional 709 shares during the quarter. Home Depot comprises 2.4% of General Partner Inc.’s investment portfolio, making the stock its 7th largest holding. General Partner Inc.’s holdings in Home Depot were worth $3,828,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot in the 1st quarter worth about $38,000. Newbridge Financial Services Group Inc. increased its holdings in Home Depot by 14.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,970 shares of the home improvement retailer’s stock worth $1,376,000 after acquiring an additional 509 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in Home Depot in the 4th quarter worth about $12,591,000. Fairman Group LLC bought a new position in Home Depot in the 4th quarter worth about $173,000. Finally, Napatree Capital LLC bought a new position in Home Depot in the 4th quarter worth about $299,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Wedbush restated an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a research note on Friday, May 10th. Wells Fargo & Company cut their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Citigroup dropped their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Truist Financial dropped their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, UBS Group dropped their price target on Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.46.

Home Depot Stock Up 1.2 %

HD stock traded up $4.22 during midday trading on Tuesday, hitting $353.72. The stock had a trading volume of 1,187,352 shares, compared to its average volume of 3,378,460. The firm has a market cap of $350.75 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00. The business has a 50-day moving average of $337.33 and a two-hundred day moving average of $351.54. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.82 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.