The Home Depot, Inc. $HD Position Increased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 47.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,043 shares of the home improvement retailer’s stock after purchasing an additional 37,155 shares during the period. NEOS Investment Management LLC’s holdings in Home Depot were worth $47,019,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Silphium Asset Management Ltd lifted its stake in Home Depot by 77.2% in the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after buying an additional 5,900 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of Home Depot by 65.6% during the 2nd quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock worth $1,331,000 after acquiring an additional 1,438 shares during the period. Truist Financial Corp raised its stake in Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after acquiring an additional 3,608 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Home Depot by 2.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock valued at $216,600,000 after purchasing an additional 12,239 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in Home Depot by 59.9% during the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HD. KGI Securities lowered Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price on the stock. in a report on Wednesday, November 19th. Jefferies Financial Group reiterated a “buy” rating and set a $424.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Stifel Nicolaus dropped their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Wall Street Zen lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Argus reduced their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $407.23.

Home Depot Stock Up 0.2%

HD stock opened at $391.03 on Tuesday. The stock has a 50-day simple moving average of $366.99 and a two-hundred day simple moving average of $380.21. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market capitalization of $389.27 billion, a PE ratio of 26.65, a PEG ratio of 13.97 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm posted $3.78 EPS. Home Depot’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.