The Home Depot, Inc. (NYSE:HD) Holdings Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,373 shares of the home improvement retailer’s stock after purchasing an additional 4,374 shares during the quarter. Home Depot makes up 0.6% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 23rd largest holding. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Home Depot worth $201,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Providence Capital Advisors LLC increased its holdings in shares of Home Depot by 0.8% in the 3rd quarter. Providence Capital Advisors LLC now owns 21,574 shares of the home improvement retailer’s stock worth $8,742,000 after acquiring an additional 178 shares during the period. First Commonwealth Financial Corp PA grew its position in Home Depot by 1.1% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 4,348 shares of the home improvement retailer’s stock worth $1,762,000 after purchasing an additional 49 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Home Depot in the 3rd quarter worth about $62,000. CreativeOne Wealth LLC increased its stake in shares of Home Depot by 16.8% in the third quarter. CreativeOne Wealth LLC now owns 20,342 shares of the home improvement retailer’s stock valued at $8,242,000 after purchasing an additional 2,923 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Home Depot during the third quarter valued at approximately $336,231,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. DA Davidson increased their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Truist Financial increased their price target on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD opened at $427.32 on Thursday. The Home Depot, Inc. has a 52 week low of $308.59 and a 52 week high of $439.37. 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 company has a market cap of $424.48 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.98 and a beta of 1.01. The firm has a 50 day simple moving average of $405.95 and a 200 day simple moving average of $370.81.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.11%. Home Depot’s dividend payout ratio is 61.14%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last three months. 0.10% of the stock is owned by corporate insiders.

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.