E Fund Management Co. Ltd. Has $4.28 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

E Fund Management Co. Ltd. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 25.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,003 shares of the home improvement retailer’s stock after buying an additional 2,265 shares during the period. E Fund Management Co. Ltd.’s holdings in Home Depot were worth $4,280,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc boosted its position in shares of Home Depot by 65.2% in the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock valued at $3,535,000 after acquiring an additional 3,590 shares during the period. Pensionfund Sabic raised its stake in Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after purchasing an additional 3,800 shares in the last quarter. Swedbank AB boosted its holdings in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares during the period. Wedmont Private Capital grew its position in shares of Home Depot by 12.5% during the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Johnson & White Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $1,793,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HD shares. Robert W. Baird lowered their price objective on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Truist Financial decreased their price target on Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Guggenheim reissued a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, Wedbush restated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Stock Down 1.3 %

Shares of NYSE:HD opened at $381.48 on Friday. The business has a fifty day simple moving average of $400.54 and a 200 day simple moving average of $399.49. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a market cap of $378.95 billion, a P/E ratio of 25.92, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same period last year, the company earned $2.82 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio is currently 61.66%.

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.