The Home Depot, Inc. (NYSE:HD) Shares Bought by Unigestion Holding SA

Unigestion Holding SA grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,167 shares of the home improvement retailer's stock after purchasing an additional 6,995 shares during the period. Unigestion Holding SA's holdings in Home Depot were worth $26,389,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lantz Financial LLC increased its stake in Home Depot by 1.5% during the second quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer's stock worth $2,069,000 after acquiring an additional 89 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Home Depot by 10.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,595 shares of the home improvement retailer's stock valued at $1,237,000 after acquiring an additional 333 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its holdings in shares of Home Depot by 2.4% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 3,374 shares of the home improvement retailer's stock valued at $1,162,000 after buying an additional 78 shares during the period. Corundum Group Inc. grew its stake in shares of Home Depot by 5.2% during the 2nd quarter. Corundum Group Inc. now owns 5,516 shares of the home improvement retailer's stock worth $1,899,000 after purchasing an additional 273 shares during the period. Finally, Brookmont Capital Management increased its position in shares of Home Depot by 0.3% in the second quarter. Brookmont Capital Management now owns 164,554 shares of the home improvement retailer's stock valued at $56,646,000 after buying an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HD. DA Davidson increased their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. Daiwa America raised Home Depot to a "hold" rating in a research report on Thursday, August 15th. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, Piper Sandler raised their price objective on shares of Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Trading Down 0.3 %

Shares of HD traded down $1.21 during mid-day trading on Wednesday, hitting $421.38. 4,210,021 shares of the company's stock traded hands, compared to its average volume of 3,373,759. The firm has a market capitalization of $418.58 billion, a P/E ratio of 28.86, a PEG ratio of 2.98 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business's 50-day moving average price is $411.36 and its 200-day moving average price is $376.78. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. During the same period last year, the firm posted $3.81 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is 61.14%.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company's stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now directly owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 over the last ninety days. 0.10% of the stock is owned by company insiders.

Home Depot Company 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.