Unigestion Holding SA Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Unigestion Holding SA grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 12.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,167 shares of the home improvement retailer’s stock after acquiring an additional 6,995 shares during the quarter. Unigestion Holding SA’s holdings in Home Depot were worth $26,389,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth $33,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot in the third quarter valued at $41,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter valued at $46,000. Finally, Denver PWM LLC purchased a new position in Home Depot during the second quarter worth about $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on HD. Sanford C. Bernstein started coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. DA Davidson upped their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Telsey Advisory Group upgraded Home Depot from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Finally, Piper Sandler lifted their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

Shares of HD stock opened at $422.57 on Wednesday. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $419.76 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. The business has a 50 day simple moving average of $411.09 and a 200 day simple moving average of $376.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $3.81 earnings per share. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.13%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Transactions at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

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.