The Home Depot, Inc. (NYSE:HD) Shares Acquired by Swiss National Bank

Swiss National Bank increased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.3% during the third quarter, HoldingsChannel.com reports. The fund owned 2,943,400 shares of the home improvement retailer’s stock after buying an additional 9,200 shares during the period. Home Depot makes up approximately 0.8% of Swiss National Bank’s holdings, making the stock its 17th largest holding. Swiss National Bank’s holdings in Home Depot were worth $1,192,666,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Thrivent Financial for Lutherans increased its holdings in shares of Home Depot by 5.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 652,488 shares of the home improvement retailer’s stock valued at $264,389,000 after acquiring an additional 31,123 shares during the period. Claro Advisors LLC increased its holdings in shares of Home Depot by 6.9% in the 3rd quarter. Claro Advisors LLC now owns 13,541 shares of the home improvement retailer’s stock valued at $5,487,000 after acquiring an additional 876 shares during the period. Cardano Risk Management B.V. acquired a new position in shares of Home Depot in the 3rd quarter valued at $124,302,000. Concord Asset Management LLC VA increased its holdings in shares of Home Depot by 10.2% in the 3rd quarter. Concord Asset Management LLC VA now owns 10,742 shares of the home improvement retailer’s stock valued at $4,353,000 after acquiring an additional 995 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in Home Depot in the 3rd quarter valued at $70,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on HD shares. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $455.00 in a research note on Friday, November 8th. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday. DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $408.18 on Friday. The Home Depot, Inc. has a 12-month low of $302.34 and a 12-month high of $421.56. The stock has a market capitalization of $405.44 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.84 and a beta of 1.01. The firm’s 50-day moving average is $399.51 and its two-hundred day moving average is $366.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period last year, the company earned $3.81 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s payout ratio is currently 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.