Quintet Private Bank Europe S.A. Acquires 840 Shares of The Home Depot, Inc. (NYSE:HD)

Quintet Private Bank Europe S.A. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,290 shares of the home improvement retailer’s stock after acquiring an additional 840 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Home Depot were worth $2,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp raised its holdings in Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after purchasing an additional 623 shares in the last quarter. Nordea Investment Management AB raised its holdings in Home Depot by 0.3% in the first quarter. Nordea Investment Management AB now owns 974,042 shares of the home improvement retailer’s stock worth $373,078,000 after purchasing an additional 2,654 shares in the last quarter. Quent Capital LLC raised its holdings in Home Depot by 5.6% in the first quarter. Quent Capital LLC now owns 8,433 shares of the home improvement retailer’s stock worth $3,235,000 after purchasing an additional 448 shares in the last quarter. Finally, GSB Wealth Management LLC grew its stake in shares of Home Depot by 0.4% in the first quarter. GSB Wealth Management LLC now owns 11,733 shares of the home improvement retailer’s stock worth $4,501,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stifel Nicolaus cut their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Truist Financial increased their target price on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Piper Sandler increased their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Trading Up 0.8 %

Shares of NYSE:HD opened at $395.57 on Tuesday. The stock has a 50 day moving average of $392.94 and a 200 day moving average of $362.47. The company has a market cap of $392.92 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.28%. Home Depot’s payout ratio is 60.57%.

About Home Depot

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.