Essex Savings Bank Sells 1,363 Shares of The Home Depot, Inc. (NYSE:HD)

Essex Savings Bank lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,687 shares of the home improvement retailer’s stock after selling 1,363 shares during the quarter. Home Depot comprises about 1.7% of Essex Savings Bank’s holdings, making the stock its 9th biggest holding. Essex Savings Bank’s holdings in Home Depot were worth $6,762,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares in the last quarter. Legal & General Group Plc raised its holdings in Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock valued at $2,931,328,000 after acquiring an additional 100,139 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock worth $1,980,883,000 after purchasing an additional 138,396 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Home Depot by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after buying an additional 333,312 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HD shares. Melius Research started coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Truist Financial lifted their target price on shares of Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a report on Thursday. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $455.00 in a report on Friday. Finally, Stifel Nicolaus dropped their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $420.04.

Home Depot Trading Up 1.6 %

NYSE HD opened at $405.90 on Friday. The Home Depot, Inc. has a 12 month low of $286.79 and a 12 month high of $421.56. The company has a 50-day moving average of $395.19 and a 200-day moving average of $363.84. 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 company has a market cap of $403.18 billion, a P/E ratio of 27.31, a P/E/G ratio of 2.69 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company posted $4.65 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

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.