Pensionfund Sabic Sells 1,700 Shares of The Home Depot, Inc. (NYSE:HD)

Pensionfund Sabic lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 18.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,400 shares of the home improvement retailer’s stock after selling 1,700 shares during the quarter. Home Depot makes up approximately 0.9% of Pensionfund Sabic’s investment portfolio, making the stock its 20th biggest holding. Pensionfund Sabic’s holdings in Home Depot were worth $2,998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wulff Hansen & CO. raised its stake in shares of Home Depot by 33,540.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after buying an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in shares of Home Depot in the 1st quarter valued at about $513,016,000. Price T Rowe Associates Inc. MD grew its stake 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 buying an additional 971,833 shares during the last quarter. Swedbank AB purchased a new position in Home Depot during the 1st quarter worth approximately $301,364,000. Finally, Jennison Associates LLC lifted its holdings in shares of Home Depot by 13.1% in the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after buying an additional 569,690 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HD. Piper Sandler raised their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Evercore ISI decreased their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Finally, Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $402.38.

Home Depot Stock Up 0.5 %

NYSE HD opened at $416.07 on Thursday. The firm has a market cap of $412.58 billion, a PE ratio of 27.91, a P/E/G ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $420.03. The business’s fifty day simple moving average is $376.18 and its 200-day simple moving average is $356.72. 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 issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 earnings per share. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.16%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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.