The Home Depot, Inc. (NYSE:HD) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in The Home Depot, Inc. (NYSE:HD) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 345,516 shares of the home improvement retailer’s stock after purchasing an additional 3,092 shares during the quarter. Home Depot comprises approximately 0.6% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 27th largest position. Handelsbanken Fonder AB’s holdings in Home Depot were worth $140,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. waypoint wealth counsel boosted its holdings in shares of Home Depot by 6.5% during the 3rd quarter. waypoint wealth counsel now owns 2,588 shares of the home improvement retailer’s stock worth $1,049,000 after purchasing an additional 159 shares during the last quarter. Wright Investors Service Inc. lifted its position in Home Depot by 1.3% during the third quarter. Wright Investors Service Inc. now owns 25,248 shares of the home improvement retailer’s stock worth $10,231,000 after buying an additional 315 shares in the last quarter. Cullen Investment Group LTD. boosted its stake in Home Depot by 1.5% during the third quarter. Cullen Investment Group LTD. now owns 19,557 shares of the home improvement retailer’s stock worth $7,925,000 after buying an additional 297 shares during the last quarter. Inspirion Wealth Advisors LLC grew its holdings in Home Depot by 10.8% in the 3rd quarter. Inspirion Wealth Advisors LLC now owns 1,029 shares of the home improvement retailer’s stock valued at $417,000 after buying an additional 100 shares in the last quarter. Finally, Mirador Capital Partners LP increased its stake in shares of Home Depot by 4.6% in the 3rd quarter. Mirador Capital Partners LP now owns 1,163 shares of the home improvement retailer’s stock worth $471,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. DA Davidson boosted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Evercore ISI cut their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Finally, Truist Financial decreased their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.54.

Home Depot Stock Down 0.8 %

NYSE HD traded down $3.22 during trading hours on Friday, hitting $408.36. 3,989,606 shares of the company were exchanged, compared to its average volume of 3,392,598. The company has a 50 day moving average of $373.28 and a two-hundred day moving average of $356.23. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The firm has a market cap of $404.94 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $412.97.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter last year, the company earned $4.65 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. 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.