Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 59,198 Shares of The Home Depot, Inc. (NYSE:HD)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 8.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 735,961 shares of the home improvement retailer’s stock after buying an additional 59,198 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.07% of Home Depot worth $203,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. BCK Partners Inc. bought a new position in Home Depot in the 1st quarter worth $2,933,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter worth $27,000. Ergoteles LLC bought a new position in Home Depot in the 1st quarter worth $1,554,000. Equitable Holdings Inc. raised its holdings in Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after purchasing an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after purchasing an additional 24,640 shares in the last quarter. 68.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, Director Paula Santilli bought 1,583 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the purchase, the director now directly owns 1,583 shares of the company’s stock, valued at $499,911.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Paula Santilli bought 1,583 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the purchase, the director now directly owns 1,583 shares of the company’s stock, valued at $499,911.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares in the company, valued at approximately $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Cowen upped their price objective on shares of Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a report on Tuesday, December 13th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $347.00 to $300.00 in a research report on Friday, November 11th. Truist Financial reduced their target price on shares of Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a research report on Wednesday, November 16th. Raymond James downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 16th. Finally, Citigroup cut their price objective on shares of Home Depot from $348.00 to $340.00 in a research report on Monday, October 31st. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $341.24.

Home Depot Stock Performance

HD stock opened at $331.21 on Monday. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33. The business has a 50-day moving average price of $318.31 and a 200 day moving average price of $300.87. The company has a market capitalization of $339.07 billion, a P/E ratio of 19.96, a PEG ratio of 1.77 and a beta of 0.95. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $382.01.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.13. The firm had revenue of $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.92 earnings per share. As a group, equities research analysts forecast that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a $1.90 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $7.60 annualized dividend and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is presently 45.81%.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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