Range Financial Group LLC Purchases 6,142 Shares of The Home Depot, Inc. (NYSE:HD)

Range Financial Group LLC lifted its position in The Home Depot, Inc. (NYSE:HD) by 266.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,445 shares of the home improvement retailer’s stock after acquiring an additional 6,142 shares during the period. Home Depot accounts for approximately 1.5% of Range Financial Group LLC’s investment portfolio, making the stock its 9th biggest holding. Range Financial Group LLC’s holdings in Home Depot were worth $3,285,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new stake in Home Depot in the second quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the 3rd quarter worth about $41,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 3rd quarter worth about $46,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot during the 2nd quarter worth about $47,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI upped their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Stifel Nicolaus increased their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Truist Financial increased their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. Insiders own 0.10% of the company’s stock.

Home Depot Stock Down 1.3 %

Shares of HD stock traded down $5.09 on Tuesday, reaching $384.28. 2,272,962 shares of the stock were exchanged, compared to its average volume of 2,547,525. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business’s 50 day moving average price is $406.66 and its 200 day moving average price is $384.83. The company has a market capitalization of $381.73 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.81 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.34%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

About Home Depot

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.