Empirical Finance LLC Has $14.20 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Empirical Finance LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,045 shares of the home improvement retailer’s stock after acquiring an additional 662 shares during the quarter. Home Depot makes up 0.8% of Empirical Finance LLC’s investment portfolio, making the stock its 20th largest holding. Empirical Finance LLC’s holdings in Home Depot were worth $14,200,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. raised its position in shares of Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after acquiring an additional 1,474,459 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after buying an additional 971,833 shares during the period. Swedbank AB acquired a new stake in Home Depot during the 1st quarter worth approximately $301,364,000. Finally, Sarasin & Partners LLP raised its holdings in Home Depot by 95.2% during the 2nd quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock worth $392,411,000 after buying an additional 556,053 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Truist Financial increased their price target on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Piper Sandler boosted their target price on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Trading Down 0.4 %

Shares of HD stock opened at $403.99 on Friday. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business has a fifty day simple moving average of $397.67 and a 200-day simple moving average of $365.56. The stock has a market cap of $401.28 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the firm posted $3.81 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.06 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.23%. Home Depot’s dividend payout ratio is presently 61.14%.

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.