Swiss National Bank Purchases 9,200 Shares of The Home Depot, Inc. (NYSE:HD)

Swiss National Bank increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,943,400 shares of the home improvement retailer’s stock after acquiring an additional 9,200 shares during the quarter. Home Depot comprises 0.8% of Swiss National Bank’s holdings, making the stock its 17th biggest position. Swiss National Bank owned 0.30% of Home Depot worth $1,192,666,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HD. Thrivent Financial for Lutherans boosted 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 last quarter. Claro Advisors LLC boosted 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 last quarter. Cardano Risk Management B.V. purchased a new stake in shares of Home Depot in the 3rd quarter valued at $124,302,000. Concord Asset Management LLC VA boosted 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 last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Home Depot in the 3rd quarter valued at $70,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.6 %

NYSE HD opened at $408.18 on Friday. The firm has a 50 day simple moving average of $399.51 and a 200-day simple moving average of $366.56. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The firm has a market cap of $405.44 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the firm earned $3.81 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Guggenheim increased their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Truist Financial increased their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday. One investment 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

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.