Ensign Peak Advisors Inc Has $442.66 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Ensign Peak Advisors Inc cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,285,918 shares of the home improvement retailer’s stock after selling 25,569 shares during the period. Home Depot makes up 0.8% of Ensign Peak Advisors Inc’s holdings, making the stock its 19th biggest holding. Ensign Peak Advisors Inc owned 0.13% of Home Depot worth $442,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Capital Research Global Investors lifted its holdings in shares of Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Fisher Asset Management LLC raised its position in Home Depot by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock valued at $3,046,485,000 after buying an additional 184,480 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Jennison Associates LLC boosted its holdings in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after acquiring an additional 569,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Home Depot by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after acquiring an additional 333,312 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

HD opened at $389.97 on Friday. The company has a market cap of $386.70 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The business’s 50-day moving average price is $364.95 and its 200-day moving average price is $354.45. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.65 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders 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 2.31%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. DA Davidson raised their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Finally, UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $389.04.

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.