Skandinaviska Enskilda Banken AB publ Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,807 shares of the home improvement retailer’s stock after purchasing an additional 3,693 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Home Depot were worth $68,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Gilbert & Cook Inc. raised its stake in Home Depot by 3.9% in the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after buying an additional 158 shares in the last quarter. Aveo Capital Partners LLC grew its holdings in shares of Home Depot by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock worth $931,000 after acquiring an additional 122 shares during the period. 9258 Wealth Management LLC raised its position in shares of Home Depot by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after acquiring an additional 557 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Home Depot by 161.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after purchasing an additional 3,923 shares during the period. Finally, TrinityPoint Wealth LLC boosted its position in shares of Home Depot by 4.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 9,840 shares of the home improvement retailer’s stock valued at $3,410,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.7 %

HD stock opened at $390.39 on Friday. The business’s 50-day moving average is $364.35 and its two-hundred day moving average is $354.38. The company has a market cap of $387.12 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HD. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Royal Bank of Canada lowered their price target 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. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $389.04.

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.