Asset Management One Co. Ltd. Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Asset Management One Co. Ltd. reduced its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 488,370 shares of the home improvement retailer’s stock after selling 1,830 shares during the period. Home Depot makes up approximately 0.7% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 21st biggest position. Asset Management One Co. Ltd.’s holdings in Home Depot were worth $197,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. National Pension Service lifted its holdings in Home Depot by 14.7% in the third quarter. National Pension Service now owns 1,858,658 shares of the home improvement retailer’s stock worth $753,128,000 after acquiring an additional 238,389 shares during the last quarter. Silicon Valley Capital Partners grew its stake in shares of Home Depot by 0.9% in the third quarter. Silicon Valley Capital Partners now owns 23,010 shares of the home improvement retailer’s stock worth $9,323,000 after purchasing an additional 197 shares in the last quarter. Cohen Capital Management Inc. acquired a new position in Home Depot during the 3rd quarter valued at about $330,000. CORDA Investment Management LLC. increased its stake in shares of Home Depot by 28.1% during the third quarter. CORDA Investment Management LLC. now owns 4,088 shares of the home improvement retailer’s stock valued at $1,657,000 after acquiring an additional 896 shares during the period. Finally, Wetzel Investment Advisors Inc. raised its stake in shares of Home Depot by 5.2% in the 3rd quarter. Wetzel Investment Advisors Inc. now owns 1,643 shares of the home improvement retailer’s stock worth $666,000 after buying an additional 81 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HD shares. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. TD Cowen boosted their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Truist Financial upped their price target on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, DA Davidson lifted their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Trading Up 0.8 %

Shares of HD stock opened at $395.57 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $392.92 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.73 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 firm has a 50-day moving average price of $392.94 and a 200 day moving average price of $362.47.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the company earned $4.65 EPS. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Home Depot Company 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.