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Handelsinvest Investeringsforvaltning Sells 3,636 Shares of The Home Depot, Inc. (NYSE:HD)

Handelsinvest Investeringsforvaltning Sells 3,636 Shares of The Home Depot, Inc. (NYSE:HD) #Handelsinvest #Investeringsforvaltning #Sells #Shares #Home #Depot #NYSEHD Welcome to Americanah Blog, here is the new story we have for you today:

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Handelsinvest Investeringsforvaltning cut its stake in The Home Depot, Inc. (NYSE:HDGet Rating) by 29.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,544 shares of the home improvement retailer’s stock after selling 3,636 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Home Depot were worth $2,343,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HD. DAGCO Inc. increased its holdings in Home Depot by 0.4% in the 1st quarter. DAGCO Inc. now owns 7,394 shares of the home improvement retailer’s stock worth $2,276,000 after buying an additional 32 shares in the last quarter. Willow Creek Wealth Management Inc. increased its holdings in Home Depot by 4.7% in the 4th quarter. Willow Creek Wealth Management Inc. now owns 736 shares of the home improvement retailer’s stock worth $305,000 after buying an additional 33 shares in the last quarter. Beam Wealth Advisors Inc. increased its holdings in Home Depot by 4.9% in the 1st quarter. Beam Wealth Advisors Inc. now owns 707 shares of the home improvement retailer’s stock worth $212,000 after buying an additional 33 shares in the last quarter. Shaker Investments LLC OH increased its holdings in Home Depot by 1.0% in the 1st quarter. Shaker Investments LLC OH now owns 3,330 shares of the home improvement retailer’s stock worth $997,000 after buying an additional 33 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its holdings in Home Depot by 0.5% in the 1st quarter. Atticus Wealth Management LLC now owns 7,098 shares of the home improvement retailer’s stock worth $2,125,000 after buying an additional 34 shares in the last quarter. 68.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Evercore ISI reduced their price objective on Home Depot to $360.00 in a report on Thursday, June 9th. Raymond James boosted their price target on Home Depot from $340.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Guggenheim boosted their price target on Home Depot from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Truist Financial boosted their price target on Home Depot from $375.00 to $399.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Morgan Stanley boosted their price target on Home Depot from $350.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $365.95.

Home Depot Stock Down 0.9 %

Shares of HD opened at $271.57 on Thursday. The stock has a market capitalization of $278.01 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The business’s 50 day simple moving average is $299.86 and its 200-day simple moving average is $299.78. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.10. The business had revenue of $43.79 billion for the quarter, compared to analysts’ expectations of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.53 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, August 31st. Home Depot’s dividend payout ratio is currently 46.71%.

Home Depot declared that its Board of Directors has approved a stock buyback plan on Thursday, August 18th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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