2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company raised its stake in shares of The Home Depot, Inc. ( NYSE:HD – Free Report ) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 835,857 shares of the home improvement retailer’s stock after purchasing an additional 13,422 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Home Depot worth $287,735,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Empirical Finance LLC lifted its position in Home Depot by 3.3% during the 1st quarter.
Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after acquiring an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC lifted its position in shares of Home Depot by 5.5% during the 1st quarter.
Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. Leeward Financial Partners LLC boosted its stake in Home Depot by 7.3% during the 1st quarter.
Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after purchasing an additional 711 shares during the period. Sanibel Captiva Trust Company Inc. acquired a new stake in Home Depot in the 4th quarter valued at approximately $88,708,000.
Finally, Johnson & White Wealth Management LLC increased its position in Home Depot by 6.2% in the 1st quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer’s stock worth $1,611,000 after buying an additional 247 shares during the period.
Institutional investors own 70.86% of the company’s stock. Analyst Ratings Changes A number of equities analysts recently issued reports on HD shares.
Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Loop Capital boosted their price objective on shares of Home Depot from $330.00 to $360.
00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Royal Bank of Canada reduced their target price on shares of Home Depot from $377.00 to $363.
00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. UBS Group boosted their price target on Home Depot from $400.00 to $425.
00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th.
One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $391.88.
Home Depot Price Performance Home Depot stock opened at $396.74 on Friday. The business’s fifty day moving average is $367.
37 and its two-hundred day moving average is $355.01. The company has a debt-to-equity ratio of 11.
74, a quick ratio of 0.33 and a current ratio of 1.15.
The firm has a market cap of $393.41 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.
71 and a beta of 1.00. The Home Depot, Inc.
has a 52 week low of $274.26 and a 52 week high of $401.11.
Home Depot ( NYSE:HD – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.
59 by $0.08. Home Depot had a net margin of 9.
71% and a return on equity of 681.27%. The firm had revenue of $43.
18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the firm earned $4.
65 EPS. The company’s revenue was up .6% on a year-over-year basis.
Equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share.
This represents a $9.00 annualized dividend and a yield of 2.27%.
The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.
Home Depot Company Profile ( Free Report ) 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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