Mn Services Vermogensbeheer B.V. Raises Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Mn Services Vermogensbeheer B.V. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 2.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 393,134 shares of the home improvement retailer’s stock after buying an additional 8,400 shares during the period. Home Depot makes up 1.0% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 16th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Home Depot were worth $152,925,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HD. POM Investment Strategies LLC grew its stake in Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after acquiring an additional 24 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock worth $1,810,000 after purchasing an additional 24 shares during the last quarter. Insight Inv LLC grew its position in shares of Home Depot by 2.0% in the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock valued at $505,000 after purchasing an additional 25 shares in the last quarter. Marino Stram & Associates LLC increased its holdings in shares of Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock valued at $431,000 after purchasing an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC lifted its position in Home Depot by 0.5% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock worth $1,912,000 after buying an additional 25 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HD. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their target price for the stock from $356.00 to $410.00 in a research note on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Truist Financial reduced their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Stock Performance

Shares of HD opened at $390.40 on Thursday. The stock has a 50-day simple moving average of $401.17 and a 200-day simple moving average of $398.42. The stock has a market capitalization of $387.81 billion, a PE ratio of 26.52, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.36%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s payout ratio is 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.