NEOS Investment Management LLC Grows Stock Holdings in The Home Depot, Inc. $HD

NEOS Investment Management LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 47.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 116,043 shares of the home improvement retailer’s stock after purchasing an additional 37,155 shares during the quarter. NEOS Investment Management LLC’s holdings in Home Depot were worth $47,019,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Home Depot in the 2nd quarter worth about $4,885,603,000. Laurel Wealth Advisors LLC increased its position in shares of Home Depot by 36,207.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock valued at $3,694,552,000 after acquiring an additional 10,049,029 shares during the period. Vanguard Group Inc. lifted its stake in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after acquiring an additional 1,494,615 shares during the period. Amundi raised its position in Home Depot by 11.1% during the second quarter. Amundi now owns 7,903,550 shares of the home improvement retailer’s stock valued at $2,938,935,000 after acquiring an additional 790,476 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Home Depot by 112.3% during the 3rd quarter. Voya Investment Management LLC now owns 1,444,128 shares of the home improvement retailer’s stock valued at $585,147,000 after acquiring an additional 763,739 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird lowered their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Wells Fargo & Company decreased their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $413.00 target price on shares of Home Depot in a report on Wednesday, December 10th. HSBC decreased their target price on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Finally, Citigroup increased their price objective on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $407.23.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,963 shares of company stock valued at $1,748,845 over the last quarter. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.2%

Shares of NYSE HD opened at $391.03 on Tuesday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The firm has a market cap of $389.27 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 13.97 and a beta of 1.08. The stock’s 50-day simple moving average is $366.99 and its 200-day simple moving average is $380.21.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share 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 during the quarter, compared to analyst estimates of $41.06 billion. During the same quarter last year, the company earned $3.78 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

Home Depot Profile

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.