The Home Depot, Inc. (NYSE:HD) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,559 shares of the home improvement retailer’s stock after purchasing an additional 914 shares during the period. Home Depot makes up 0.8% of Banque Cantonale Vaudoise’s portfolio, making the stock its 17th biggest position. Banque Cantonale Vaudoise’s holdings in Home Depot were worth $19,271,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Home Depot in the second quarter worth $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $33,000. Denver PWM LLC acquired a new position in shares of Home Depot during the second quarter valued at $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the second quarter worth approximately $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

HD stock opened at $410.44 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business has a 50-day simple moving average of $400.41 and a two-hundred day simple moving average of $367.33. The company has a market capitalization of $407.69 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the business posted $3.81 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s dividend payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Piper Sandler increased their target price on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, UBS Group lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.