BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $67.04 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,459 shares of the home improvement retailer's stock after selling 24,360 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Home Depot were worth $67,044,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares during the period. Wulff Hansen & CO. lifted its position in Home Depot by 33,540.9% during the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock worth $509,081,000 after purchasing an additional 1,474,459 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Home Depot during the third quarter worth about $336,231,000. FMR LLC raised its position in shares of Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock valued at $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Finally, Sarasin & Partners LLP increased its stake in Home Depot by 95.2% in the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer's stock valued at $392,411,000 after acquiring an additional 556,053 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. Insiders own 0.10% of the company's stock.

Home Depot Price Performance

Home Depot stock opened at $429.51 on Friday. The Home Depot, Inc. has a 12-month low of $308.59 and a 12-month high of $439.37. The company has a 50-day moving average price of $407.48 and a 200 day moving average price of $371.81. The stock has a market cap of $426.66 billion, a P/E ratio of 29.18, a PEG ratio of 2.97 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.81 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Wednesday, November 27th. Home Depot's dividend payout ratio is presently 61.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HD shares. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 target price on the stock. Stifel Nicolaus raised their price objective on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Morgan Stanley boosted their price objective on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Guggenheim lifted their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Finally, Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $426.00.

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.

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