Siemens Fonds Invest GmbH decreased its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 27,817 shares of the home improvement retailer’s stock after selling 251 shares during the quarter. Home Depot accounts for about 0.7% of Siemens Fonds Invest GmbH’s investment portfolio, making the stock its 27th biggest position. Siemens Fonds Invest GmbH’s holdings in Home Depot were worth $8,326,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Independent Wealth Network Inc. grew its position in Home Depot by 1.2% during the fourth quarter. Independent Wealth Network Inc. now owns 2,455 shares of the home improvement retailer’s stock valued at $1,019,000 after buying an additional 30 shares during the period. Zhang Financial LLC grew its position in Home Depot by 0.9% during the fourth quarter. Zhang Financial LLC now owns 3,590 shares of the home improvement retailer’s stock valued at $1,490,000 after buying an additional 31 shares during the period. DAGCO Inc. grew its position in Home Depot by 0.4% during the first quarter. DAGCO Inc. now owns 7,394 shares of the home improvement retailer’s stock valued at $2,276,000 after buying an additional 32 shares during the period. Magnus Financial Group LLC grew its position in Home Depot by 0.8% during the fourth quarter. Magnus Financial Group LLC now owns 4,144 shares of the home improvement retailer’s stock valued at $1,720,000 after buying an additional 33 shares during the period. Finally, Willow Creek Wealth Management Inc. grew its position in Home Depot by 4.7% during the fourth quarter. Willow Creek Wealth Management Inc. now owns 736 shares of the home improvement retailer’s stock valued at $305,000 after buying an additional 33 shares during the period. Institutional investors own 68.66% of the company’s stock.
Analyst Ratings Changes
Several equity analysts recently weighed in on HD shares. Piper Sandler increased their price target on shares of Home Depot to $327.00 in a research report on Monday, August 22nd. DA Davidson increased their target price on shares of Home Depot to $334.00 in a research report on Monday, August 22nd. UBS Group increased their target price on shares of Home Depot from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Truist Financial raised their price objective on shares of Home Depot from $375.00 to $399.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Raymond James raised their price objective on shares of Home Depot from $340.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $365.95.
Insider Transactions at Home Depot
In other news, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares in the company, valued at $10,917,927.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.
Home Depot Trading Down 0.0 %
HD stock opened at $299.77 on Friday. The company has a market capitalization of $306.88 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $420.61. The company’s 50 day moving average price is $300.92 and its two-hundred day moving average price is $302.44. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 EPS for the quarter, topping the consensus estimate of $4.95 by $0.10. The firm had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $4.53 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, August 31st. Home Depot’s dividend payout ratio is 46.71%.
Home Depot announced that its board has authorized a stock repurchase plan on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
Home Depot Profile
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The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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