ORG Wealth Partners LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

ORG Wealth Partners LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 986 shares of the home improvement retailer’s stock, valued at approximately $400,000.

Several other hedge funds have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Home Depot in the 1st quarter worth approximately $38,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the 4th quarter valued at $39,000. Finally, Denver PWM LLC bought a new stake in shares of Home Depot in the 2nd quarter worth about $40,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HD shares. Oppenheimer increased their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Royal Bank of Canada dropped their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Jefferies Financial Group started coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective on the stock. DA Davidson boosted their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $402.38.

Home Depot Stock Performance

Shares of HD stock opened at $412.25 on Monday. The firm has a market cap of $408.79 billion, a PE ratio of 27.63, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $420.03. The company’s fifty day simple moving average is $378.34 and its 200-day simple moving average is $356.92. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the previous year, the business earned $4.65 earnings per share. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.18%. Home Depot’s dividend payout ratio is 60.36%.

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.