Sompo Asset Management Co. Ltd. Cuts Position in The Home Depot, Inc. (NYSE:HD)

Sompo Asset Management Co. Ltd. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,777 shares of the home improvement retailer’s stock after selling 670 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Home Depot were worth $5,087,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Empirical Finance LLC grew its stake in Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC grew its position in Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. Leeward Financial Partners LLC raised its stake in shares of Home Depot by 7.3% in the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after purchasing an additional 711 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in Home Depot in the fourth quarter valued at approximately $88,708,000. Finally, Johnson & White Wealth Management LLC increased its holdings in Home Depot by 6.2% in the 1st quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer’s stock worth $1,611,000 after buying an additional 247 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Truist Financial dropped their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus reduced their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their target price on 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, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $389.04.

Home Depot Trading Down 0.1 %

Shares of NYSE HD opened at $389.97 on Friday. 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 stock has a market capitalization of $386.70 billion, a PE ratio of 26.15, a PEG ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a fifty day simple moving average of $364.95 and a 200-day simple moving average of $354.45.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Home Depot 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.