Swedbank AB Buys 65,625 Shares of The Home Depot, Inc. (NYSE:HD)

Swedbank AB increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 975,155 shares of the home improvement retailer’s stock after acquiring an additional 65,625 shares during the quarter. Swedbank AB owned approximately 0.10% of Home Depot worth $379,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Orrstown Financial Services Inc. increased its position in shares of Home Depot by 0.7% in the fourth quarter. Orrstown Financial Services Inc. now owns 4,699 shares of the home improvement retailer’s stock valued at $1,828,000 after acquiring an additional 31 shares during the period. Field & Main Bank increased its holdings in Home Depot by 0.9% during the 4th quarter. Field & Main Bank now owns 17,335 shares of the home improvement retailer’s stock valued at $6,743,000 after purchasing an additional 147 shares during the period. Allen Capital Group LLC raised its position in Home Depot by 5.8% during the 4th quarter. Allen Capital Group LLC now owns 17,481 shares of the home improvement retailer’s stock valued at $6,800,000 after purchasing an additional 961 shares during the last quarter. Iams Wealth Management LLC lifted its holdings in Home Depot by 2.9% in the 4th quarter. Iams Wealth Management LLC now owns 5,273 shares of the home improvement retailer’s stock worth $2,052,000 after buying an additional 147 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its position in shares of Home Depot by 80.6% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 33,981 shares of the home improvement retailer’s stock worth $13,911,000 after buying an additional 15,167 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HD. Stifel Nicolaus upped their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company raised their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Truist Financial raised their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Evercore ISI upped their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Down 0.6 %

Home Depot stock opened at $411.86 on Friday. The firm has a market cap of $409.13 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 4.35 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The stock has a fifty day simple moving average of $408.02 and a two-hundred day simple moving average of $392.08.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during 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%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.81 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

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.