Harel Insurance Investments & Financial Services Ltd. Has $722,000 Stock Position in The Home Depot, Inc. (NYSE:HD)

Harel Insurance Investments & Financial Services Ltd. raised its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 62.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,632 shares of the home improvement retailer’s stock after acquiring an additional 1,014 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Home Depot were worth $722,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Home Depot by 0.4% in the 1st quarter. State Street Corp now owns 45,622,114 shares of the home improvement retailer’s stock worth $13,656,067,000 after buying an additional 180,532 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after buying an additional 1,361,660 shares in the last quarter. Norges Bank acquired a new position in shares of Home Depot in the 4th quarter worth approximately $4,325,629,000. Fisher Asset Management LLC raised its holdings in shares of Home Depot by 3.9% in the 1st quarter. Fisher Asset Management LLC now owns 8,134,863 shares of the home improvement retailer’s stock worth $2,435,009,000 after buying an additional 303,885 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Home Depot by 12.2% in the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after buying an additional 566,462 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the sale, the executive vice president now owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the sale, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total value of $300,590.00. Following the sale, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HD shares. UBS Group raised their price target on Home Depot from $360.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. DA Davidson raised their price target on Home Depot to $334.00 in a report on Monday, August 22nd. Raymond James raised their price target on Home Depot from $340.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Piper Sandler raised their price target on Home Depot to $327.00 in a report on Monday, August 22nd. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $365.95.

Home Depot Stock Down 1.4 %

NYSE:HD opened at $278.33 on Friday. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-to-equity ratio of 165.70. The firm has a market capitalization of $284.93 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.62 and a beta of 0.99. The stock’s fifty day simple moving average is $296.94 and its 200-day simple moving average is $298.02.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The business had revenue of $43.79 billion for the quarter, compared to analyst estimates of $43.33 billion. During the same period last year, the company earned $4.53 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 16.64 earnings per share for the current year.

Home Depot announced that its board has initiated a stock buyback plan on Thursday, August 18th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 2.73%. The ex-dividend date was Wednesday, August 31st. Home Depot’s payout ratio is presently 46.71%.

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.

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



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