Rep. Marjorie Taylor Greene Purchases Shares of The Home Depot, Inc. (NYSE:HD)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of The Home Depot, Inc. (NYSE:HD). In a filing disclosed on October 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Home Depot stock on October 21st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Nestlé (OTCMKTS:NSRGY) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 10/4/2024.

Home Depot Stock Up 0.7 %

Home Depot stock opened at $402.40 on Friday. The company has a market capitalization of $399.03 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.88 and a beta of 1.00. The firm’s fifty day simple moving average is $388.23 and its 200-day simple moving average is $359.43. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.24%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HD. Piper Sandler boosted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $410.67.

Institutional Investors Weigh In On Home Depot

Several large investors have recently bought and sold shares of the company. Orrstown Financial Services Inc. increased its stake in Home Depot by 77.4% in the third quarter. Orrstown Financial Services Inc. now owns 4,668 shares of the home improvement retailer’s stock valued at $1,891,000 after purchasing an additional 2,037 shares in the last quarter. Autumn Glory Partners LLC increased its stake in Home Depot by 14.8% in the third quarter. Autumn Glory Partners LLC now owns 8,606 shares of the home improvement retailer’s stock valued at $3,490,000 after purchasing an additional 1,108 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Home Depot by 1.1% in the third quarter. Nisa Investment Advisors LLC now owns 305,383 shares of the home improvement retailer’s stock valued at $123,741,000 after purchasing an additional 3,346 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in Home Depot in the third quarter valued at approximately $69,000. Finally, TCI Wealth Advisors Inc. increased its stake in Home Depot by 3.0% in the third quarter. TCI Wealth Advisors Inc. now owns 6,797 shares of the home improvement retailer’s stock valued at $2,754,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.