The Home Depot, Inc. (NYSE:HD) ranks among the best set-it-and-forget-it stocks to buy. Truist Securities kept its $417 price target and Buy rating on The Home Depot, Inc. (NYSE:HD) on June 23 in response to the retailer’s roughly $5 billion offer to buy specialist construction materials distributor GMS.

Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little over a year that emphasizes a deliberate push by the home improvement chai

Home Depot's push into the pro market began in earnest last year, when the company dropped $18.5 billion to buy SRS Distribution.