Skandinaviska Enskilda Banken AB publ Purchases 14,581 Shares of The Home Depot, Inc. (NYSE:HD)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in The Home Depot by 6.5%, raising its holdings to 240,282 shares worth $88.06 million as of the most recent SEC filing.
• The Home Depot reported quarterly revenue of $39.86 billion, exceeding analyst expectations, but missed earnings per share estimates, posting $3.56 against a consensus of $3.59.
• Home Depot announced a quarterly dividend of $2.30 per share, representing a yield of 2.47% with a payout ratio of 62.42%.

Skandinaviska Enskilda Banken AB publ increased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 240,282 shares of the home improvement retailer's stock after buying an additional 14,581 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Home Depot were worth $88,061,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hurlow Wealth Management Group Inc. increased its holdings in Home Depot by 1.3% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock valued at $831,000 after buying an additional 27 shares during the last quarter. Invst LLC increased its holdings in Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after buying an additional 28 shares during the last quarter. Financial Insights Inc. increased its holdings in Home Depot by 3.3% in the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares during the last quarter. Wayfinding Financial LLC increased its holdings in Home Depot by 1.2% in the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the last quarter. Finally, Pure Portfolios Holdings LLC increased its holdings in Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company set a $420.00 price objective on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Jefferies Financial Group decreased their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Royal Bank Of Canada decreased their target price on Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research note on Thursday, May 15th. Truist Financial lifted their target price on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Mizuho decreased their target price on Home Depot from $450.00 to $435.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $426.77.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the transaction, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Stock Down 0.2%

NYSE:HD traded down $0.74 during trading hours on Tuesday, hitting $376.49. 1,286,323 shares of the stock traded hands, compared to its average volume of 3,540,375. The firm has a 50 day moving average price of $365.55 and a 200 day moving average price of $373.66. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The firm has a market cap of $374.58 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.57 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the firm earned $3.63 earnings per share. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is currently 62.42%.

About Home Depot

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.