Vontobel Holding Ltd. Sells 37,674 Shares of The Home Depot, Inc. (NYSE:HD)

Vontobel Holding Ltd. cut its stake in The Home Depot, Inc. (NYSE:HD) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 445,714 shares of the home improvement retailer’s stock after selling 37,674 shares during the quarter. Vontobel Holding Ltd.’s holdings in Home Depot were worth $180,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at $33,000. Denver PWM LLC bought a new stake in shares of Home Depot during the 2nd quarter worth $40,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Home Depot in the 2nd quarter worth about $47,000. Finally, Quarry LP grew its position in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock valued at $47,000 after buying an additional 36 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Truist Financial boosted their target price on shares of Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada dropped their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. increased their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot Price Performance

Shares of NYSE:HD opened at $418.61 on Thursday. The company’s fifty day moving average price is $382.42 and its 200-day moving average price is $357.80. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a market capitalization of $415.10 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $421.56.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot Company 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.