Hartford Investment Management Co. Sells 1,090 Shares of The Home Depot, Inc. (NYSE:HD)

Hartford Investment Management Co. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 62,364 shares of the home improvement retailer’s stock after selling 1,090 shares during the period. Home Depot accounts for approximately 0.8% of Hartford Investment Management Co.’s holdings, making the stock its 18th largest position. Hartford Investment Management Co.’s holdings in Home Depot were worth $25,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Wulff Hansen & CO. boosted its holdings in shares of Home Depot by 33,540.9% during the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after acquiring an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd bought a new stake in shares of Home Depot during the first quarter worth approximately $513,016,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Home Depot by 15.0% during the first 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 period. Swedbank AB bought a new stake in shares of Home Depot during the first quarter worth approximately $301,364,000. Finally, Jennison Associates LLC boosted its holdings in shares of Home Depot by 13.1% during the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after acquiring an additional 569,690 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. Guggenheim boosted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Evercore ISI cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, Truist Financial boosted their price target on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $410.67.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD opened at $399.64 on Thursday. The company has a market capitalization of $396.29 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The company has a fifty day moving average of $388.23 and a 200-day moving average of $359.43. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% 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 period last year, the company earned $4.65 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.