Handelsbanken Fonder AB maintained its position in Home Depot, Inc. (The) (NYSE:HD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,804 shares of the home improvement retailer’s stock at the end of the first quarter. Home Depot, Inc. (The) comprises approximately 1.3% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 24th largest position. Handelsbanken Fonder AB’s holdings in Home Depot, Inc. (The) were worth $47,397,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CT Financial Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares in the last quarter. Piershale Financial Group Inc. increased its stake in Home Depot, Inc. (The) by 0.6% in the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 13 shares in the last quarter. LVM Capital Management Ltd. MI increased its stake in Home Depot, Inc. (The) by 1.1% in the first quarter. LVM Capital Management Ltd. MI now owns 2,087 shares of the home improvement retailer’s stock valued at $306,000 after buying an additional 23 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its stake in Home Depot, Inc. (The) by 0.7% in the first quarter. Newman Dignan & Sheerar Inc. now owns 3,622 shares of the home improvement retailer’s stock valued at $532,000 after buying an additional 24 shares in the last quarter. Institutional investors own 71.27% of the company’s stock.
Home Depot, Inc. (NYSE HD) traded down 1.46% during trading on Friday, hitting $147.49. 6,989,147 shares of the company were exchanged. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The company has a market capitalization of $174.48 billion, a price-to-earnings ratio of 21.23 and a beta of 1.08. The company has a 50-day moving average of $151.15 and a 200-day moving average of $150.06.
Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.97 EPS. Analysts forecast that Home Depot, Inc. will post $7.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.41%. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.
HD has been the subject of several research analyst reports. Vetr downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $153.61 price target for the company. in a research note on Monday, April 24th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $158.00 price objective on shares of Home Depot, Inc. (The) in a research note on Tuesday, May 2nd. Credit Suisse Group set a $163.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Finally, BTIG Research upped their price target on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $169.81.
In other news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the transaction, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.
Home Depot, Inc. (The) Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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