Intech Investment Management LLC Buys 6,163 Shares of The Home Depot, Inc. (NYSE:HD)

Intech Investment Management LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 19.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,117 shares of the home improvement retailer’s stock after purchasing an additional 6,163 shares during the quarter. Intech Investment Management LLC’s holdings in Home Depot were worth $13,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cowa LLC boosted its position in shares of Home Depot by 2.3% during the 2nd quarter. Cowa LLC now owns 2,630 shares of the home improvement retailer’s stock worth $905,000 after purchasing an additional 60 shares in the last quarter. UP Strategic Wealth Investment Advisors LLC raised its holdings in shares of Home Depot by 4.0% in the 2nd quarter. UP Strategic Wealth Investment Advisors LLC now owns 2,244 shares of the home improvement retailer’s stock worth $772,000 after acquiring an additional 87 shares during the last quarter. Delaney Dennis R raised its holdings in shares of Home Depot by 0.6% in the 2nd quarter. Delaney Dennis R now owns 15,597 shares of the home improvement retailer’s stock worth $5,369,000 after acquiring an additional 88 shares during the last quarter. Riverview Capital Advisers LLC raised its holdings in shares of Home Depot by 1.1% in the 2nd quarter. Riverview Capital Advisers LLC now owns 3,162 shares of the home improvement retailer’s stock worth $1,088,000 after acquiring an additional 35 shares during the last quarter. Finally, Concorde Asset Management LLC raised its holdings in shares of Home Depot by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 1,348 shares of the home improvement retailer’s stock worth $464,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

Shares of NYSE:HD opened at $389.97 on Friday. The firm has a fifty day moving average price of $364.95 and a two-hundred day moving average price of $354.45. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a market cap of $386.70 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.57 and a beta of 1.00.

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 during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the firm posted $4.65 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HD shares. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Jefferies Financial Group started coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada lowered their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Truist Financial decreased their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price 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.