The Home Depot, Inc. (NYSE:HD) Shares Purchased by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd increased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,612 shares of the home improvement retailer's stock after acquiring an additional 6,347 shares during the quarter. Home Depot comprises approximately 2.9% of Napean Trading & Investment Co Singapore PTE Ltd's holdings, making the stock its 12th biggest position. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Home Depot were worth $11,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc grew its stake in Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer's stock valued at $3,535,000 after acquiring an additional 3,590 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Home Depot by 19.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer's stock valued at $9,242,000 after purchasing an additional 3,873 shares in the last quarter. Pensionfund Sabic lifted its position in shares of Home Depot by 51.4% in the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock worth $4,357,000 after buying an additional 3,800 shares in the last quarter. Swedbank AB boosted its stake in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock valued at $368,542,000 after buying an additional 132,967 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in Home Depot by 12.5% during the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer's stock valued at $5,291,000 after buying an additional 1,506 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Truist Financial reduced their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Stock Down 0.8 %

NYSE HD traded down $2.87 during midday trading on Tuesday, hitting $360.90. 2,798,206 shares of the company traded hands, compared to its average volume of 3,217,302. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company's 50-day simple moving average is $393.46 and its 200-day simple moving average is $399.16. The company has a market cap of $358.50 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.55%. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

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.