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

Leavell Investment Management Inc. grew its position in The Home Depot, Inc. (NYSE:HD) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,220 shares of the home improvement retailer’s stock after acquiring an additional 5,511 shares during the quarter. Home Depot comprises about 1.0% of Leavell Investment Management Inc.’s portfolio, making the stock its 17th largest position. Leavell Investment Management Inc.’s holdings in Home Depot were worth $19,134,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after buying an additional 100,139 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Home Depot by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after acquiring an additional 138,396 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after purchasing an additional 333,312 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. DA Davidson boosted their target price 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. Truist Financial upped their target price on shares of Home Depot from $455.00 to $459.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group lifted their price target 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. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Evercore ISI reduced their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One equities 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $420.04.

Home Depot Stock Performance

HD opened at $405.90 on Friday. The company has a market cap of $403.18 billion, a P/E 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 firm’s 50-day moving average price is $395.19 and its 200-day moving average price is $363.84. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (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 business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 EPS. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

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.