AEGON ASSET MANAGEMENT UK Plc Increases Stake in The Home Depot, Inc. (NYSE:HD)

AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,891 shares of the home improvement retailer’s stock after purchasing an additional 11,220 shares during the quarter. Home Depot accounts for approximately 1.4% of AEGON ASSET MANAGEMENT UK Plc’s portfolio, making the stock its 15th largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Home Depot were worth $100,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Leavell Investment Management Inc. grew its position in Home Depot by 13.2% during the third quarter. Leavell Investment Management Inc. now owns 47,220 shares of the home improvement retailer’s stock valued at $19,134,000 after buying an additional 5,511 shares during the period. Fiera Capital Corp boosted its stake in shares of Home Depot by 63.4% during the 3rd quarter. Fiera Capital Corp now owns 12,749 shares of the home improvement retailer’s stock worth $5,166,000 after acquiring an additional 4,948 shares in the last quarter. ABLE Financial Group LLC grew its position in shares of Home Depot by 10.6% during the 3rd quarter. ABLE Financial Group LLC now owns 5,667 shares of the home improvement retailer’s stock valued at $2,296,000 after acquiring an additional 542 shares during the period. Capital Performance Advisors LLP raised its holdings in Home Depot by 22.1% in the 3rd quarter. Capital Performance Advisors LLP now owns 740 shares of the home improvement retailer’s stock worth $300,000 after purchasing an additional 134 shares during the period. Finally, Philip James Wealth Mangement LLC boosted its position in Home Depot by 1,746.6% during the third quarter. Philip James Wealth Mangement LLC now owns 13,960 shares of the home improvement retailer’s stock worth $5,656,000 after purchasing an additional 13,204 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial upped their price objective on shares of Home Depot from $455.00 to $459.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group began coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Evercore ISI reduced their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.04.

Home Depot Stock Up 1.6 %

Shares of NYSE HD opened at $405.90 on Friday. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56. The business’s 50 day moving average is $395.19 and its two-hundred day moving average is $363.84. The firm has a market cap of $403.18 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.69 and a beta of 1.01. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) 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 return on equity of 733.61% and a net margin of 9.71%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. Research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

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.