Root Financial Partners LLC Has $5.42 Million Position in The Home Depot, Inc. $HD

Root Financial Partners LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 9.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,778 shares of the home improvement retailer’s stock after buying an additional 1,257 shares during the quarter. Home Depot makes up approximately 0.5% of Root Financial Partners LLC’s portfolio, making the stock its 29th largest position. Root Financial Partners LLC’s holdings in Home Depot were worth $5,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. OneAscent Family Office LLC increased its holdings in shares of Home Depot by 146.7% during the first quarter. OneAscent Family Office LLC now owns 2,758 shares of the home improvement retailer’s stock worth $1,010,000 after purchasing an additional 1,640 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Home Depot in the first quarter valued at approximately $1,653,000. Counterweight Ventures LLC raised its position in shares of Home Depot by 2.2% in the first quarter. Counterweight Ventures LLC now owns 7,639 shares of the home improvement retailer’s stock valued at $2,800,000 after buying an additional 166 shares in the last quarter. Finally, OneAscent Financial Services LLC boosted its stake in shares of Home Depot by 108.8% in the first quarter. OneAscent Financial Services LLC now owns 12,558 shares of the home improvement retailer’s stock valued at $4,596,000 after buying an additional 6,544 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HD. JPMorgan Chase & Co. lowered their price objective on Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Wolfe Research began coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home Depot in a research note on Thursday. Finally, Robert W. Baird boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $429.33.

Home Depot Price Performance

Shares of NYSE:HD opened at $362.08 on Monday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market cap of $360.41 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 3.59 and a beta of 1.00. The firm has a 50 day simple moving average of $393.15 and a 200 day simple moving average of $382.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the company posted $4.60 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. This trade represents a 20.67% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company’s stock.

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.