Stonebrook Private Inc. Purchases 950 Shares of The Home Depot, Inc. (NYSE:HD)

Stonebrook Private Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,564 shares of the home improvement retailer’s stock after purchasing an additional 950 shares during the period. Home Depot makes up approximately 1.3% of Stonebrook Private Inc.’s investment portfolio, making the stock its 22nd biggest position. Stonebrook Private Inc.’s holdings in Home Depot were worth $4,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Home Depot during the fourth quarter worth about $4,311,070,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Home Depot during the 1st quarter valued at approximately $513,016,000. Capital Research Global Investors increased its position in Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 971,833 shares in the last quarter. Finally, Swedbank AB bought a new position in Home Depot in the 1st quarter valued at approximately $301,364,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.5 %

Shares of HD stock opened at $360.05 on Friday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a 50 day simple moving average of $357.27 and a two-hundred day simple moving average of $354.04. The company has a market cap of $357.03 billion, a P/E ratio of 24.15, a PEG ratio of 2.55 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HD. Royal Bank of Canada decreased their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Truist Financial reduced their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Loop Capital dropped their price objective on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.79.

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.