The Home Depot, Inc. (NYSE:HD) is Wright Investors Service Inc.’s 6th Largest Position

Wright Investors Service Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,248 shares of the home improvement retailer’s stock after buying an additional 315 shares during the quarter. Home Depot makes up 2.7% of Wright Investors Service Inc.’s holdings, making the stock its 6th biggest holding. Wright Investors Service Inc.’s holdings in Home Depot were worth $10,231,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Wulff Hansen & CO. boosted its position in 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 purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd purchased a new stake in Home Depot during the 1st quarter worth $513,016,000. Price T Rowe Associates Inc. MD boosted 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 during the period. Swedbank AB purchased a new stake in Home Depot during the 1st quarter worth $301,364,000. Finally, Jennison Associates LLC boosted its position in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after purchasing an additional 569,690 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

HD traded down $3.22 on Friday, hitting $408.36. 3,989,606 shares of the company’s stock were exchanged, compared to its average volume of 3,392,598. The firm has a market cap of $404.94 billion, a PE ratio of 27.39, a P/E/G ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $412.97. The stock has a fifty day moving average of $373.28 and a two-hundred day moving average of $356.23. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

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, topping 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 net margin of 9.71% and a return on equity of 681.27%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 earnings per share. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Stifel Nicolaus cut their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Loop Capital boosted their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.54.

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.