Guardian Financial Partners LLC Buys 67 Shares of The Home Depot, Inc. (NYSE:HD)

Guardian Financial Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,982 shares of the home improvement retailer’s stock after acquiring an additional 67 shares during the quarter. Home Depot comprises about 0.7% of Guardian Financial Partners LLC’s portfolio, making the stock its 29th largest holding. Guardian Financial Partners LLC’s holdings in Home Depot were worth $1,160,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Home Depot in the third quarter valued at $336,231,000. FMR LLC increased its position in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock worth $3,516,827,000 after purchasing an additional 795,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Home Depot by 295.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock worth $280,932,000 after purchasing an additional 518,054 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new stake in Home Depot during the second quarter valued at $159,365,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.8 %

Shares of NYSE:HD opened at $409.21 on Friday. The business’s 50 day moving average is $406.24 and its 200 day moving average is $386.78. The stock has a market cap of $406.50 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 4.11 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Analysts Set New Price Targets

A number of equities analysts have commented on HD shares. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI upped their price objective on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Finally, Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insider Buying and Selling at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

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.