Elo Mutual Pension Insurance Co Sells 3,869 Shares of The Home Depot, Inc. (NYSE:HD)

Elo Mutual Pension Insurance Co reduced its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,551 shares of the home improvement retailer's stock after selling 3,869 shares during the period. Home Depot comprises 0.7% of Elo Mutual Pension Insurance Co's investment portfolio, making the stock its 23rd biggest position. Elo Mutual Pension Insurance Co's holdings in Home Depot were worth $29,794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ruedi Wealth Management Inc. boosted its holdings in Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock valued at $817,000 after acquiring an additional 27 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer's stock valued at $680,000 after acquiring an additional 28 shares during the last quarter. Acorn Creek Capital LLC boosted its holdings in Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer's stock valued at $291,000 after acquiring an additional 28 shares during the last quarter. STAR Financial Bank boosted its holdings in Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer's stock valued at $1,367,000 after acquiring an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC boosted its holdings in Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer's stock valued at $915,000 after acquiring an additional 29 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI decreased their price target on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, August 14th. Truist Financial reduced their target price 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 on the stock in a report on Wednesday, August 14th. DA Davidson raised their target price on Home Depot from $395.00 to $430.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Finally, Telsey Advisory Group restated a "market perform" rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $389.04.

Home Depot Stock Up 0.2 %

Home Depot stock traded up $0.89 during midday trading on Wednesday, reaching $384.13. The stock had a trading volume of 3,547,742 shares, compared to its average volume of 3,381,111. The firm's fifty day simple moving average is $362.82 and its 200-day simple moving average is $353.92. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market capitalization of $380.91 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.65 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Thursday, August 29th. Home Depot's dividend payout ratio (DPR) is 60.36%.

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.