Leavell Investment Management Inc. Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Leavell Investment Management Inc. grew its stake in The Home Depot, Inc. (NYSE:HD) by 13.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,220 shares of the home improvement retailer’s stock after buying an additional 5,511 shares during the quarter. Home Depot accounts for about 1.0% of Leavell Investment Management Inc.’s portfolio, making the stock its 17th largest holding. Leavell Investment Management Inc.’s holdings in Home Depot were worth $19,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of HD. WFA Asset Management Corp boosted its stake in shares of Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after acquiring an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its position in Home Depot by 5.8% during 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. Empowered Funds LLC grew its holdings in Home Depot by 42.9% in the first quarter. Empowered Funds LLC now owns 40,777 shares of the home improvement retailer’s stock valued at $15,642,000 after purchasing an additional 12,239 shares during the period. Hilltop National Bank purchased a new stake in shares of Home Depot in the first quarter valued at approximately $1,014,000. Finally, Brooklyn Investment Group raised its stake in shares of Home Depot by 1.9% during the 1st quarter. Brooklyn Investment Group now owns 5,298 shares of the home improvement retailer’s stock worth $1,950,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $405.90 on Friday. The firm has a market cap of $403.18 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.01. 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 Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56. The business’s fifty day simple moving average is $395.19 and its 200-day simple moving average is $363.84.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Jefferies Financial Group started coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Finally, Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $420.04.

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.