The Home Depot, Inc. (NYSE:HD) Shares Bought by River Global Investors LLP

River Global Investors LLP grew its position in The Home Depot, Inc. (NYSE:HD) by 4.3% in the third quarter, HoldingsChannel reports. The fund owned 4,326 shares of the home improvement retailer’s stock after acquiring an additional 179 shares during the quarter. River Global Investors LLP’s holdings in Home Depot were worth $1,752,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in Home Depot during the second quarter worth $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the 2nd quarter worth about $33,000. Denver PWM LLC purchased a new stake in Home Depot during the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the third quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot in the second quarter worth approximately $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler raised their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Truist Financial raised their price target on shares of Home Depot from $455.00 to $459.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays upped their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada cut their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $420.04.

Home Depot Trading Up 1.6 %

NYSE HD opened at $405.90 on Monday. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56. The firm has a 50 day moving average of $395.19 and a two-hundred day moving average of $364.01. The stock has a market capitalization of $403.18 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.81 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.

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 the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.65 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend 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%.

About Home Depot

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.