Swedbank AB Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Swedbank AB boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 17.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 909,530 shares of the home improvement retailer's stock after purchasing an additional 132,967 shares during the quarter. Swedbank AB owned about 0.09% of Home Depot worth $368,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Wulff Hansen & CO. lifted its holdings in shares of 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 valued at $509,081,000 after purchasing an additional 1,474,459 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in Home Depot in the 1st quarter valued at $513,016,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the last quarter. Jennison Associates LLC grew its holdings in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer's stock valued at $1,886,271,000 after buying an additional 569,690 shares in the last quarter. Finally, Sarasin & Partners LLP grew its holdings in shares of 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 purchasing an additional 556,053 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Evercore ISI lowered their price objective on Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Wednesday, August 14th. Oppenheimer raised their price target on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 24th. UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Piper Sandler increased their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $404.69.

Home Depot Stock Up 0.1 %

Shares of HD stock traded up $0.42 during mid-day trading on Tuesday, hitting $415.84. 3,692,407 shares of the stock traded hands, compared to its average volume of 3,384,463. 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 stock has a market cap of $412.35 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.88 and a beta of 1.00. The stock's fifty day moving average is $379.66 and its two-hundred day moving average is $357.15. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors 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 2.16%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot's dividend payout ratio (DPR) is 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.