GUNN & Co INVESTMENT MANAGEMENT INC. Cuts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

GUNN & Co INVESTMENT MANAGEMENT INC. decreased its position in The Home Depot, Inc. (NYSE:HD) by 92.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,489 shares of the home improvement retailer’s stock after selling 189,881 shares during the quarter. Home Depot accounts for approximately 4.3% of GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings, making the stock its 7th largest holding. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Home Depot were worth $6,276,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Keene & Associates Inc. grew its position in shares of Home Depot by 4.7% in the 3rd quarter. Keene & Associates Inc. now owns 1,588 shares of the home improvement retailer’s stock valued at $643,000 after acquiring an additional 72 shares during the period. X Square Capital LLC lifted its stake in Home Depot by 3.4% in the 3rd quarter. X Square Capital LLC now owns 3,320 shares of the home improvement retailer’s stock valued at $1,345,000 after purchasing an additional 108 shares during the last quarter. JCIC Asset Management Inc. grew its holdings in Home Depot by 0.7% during the third quarter. JCIC Asset Management Inc. now owns 14,634 shares of the home improvement retailer’s stock worth $5,930,000 after purchasing an additional 105 shares during the period. Patrick M Sweeney & Associates Inc. increased its position in Home Depot by 4.0% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 3,510 shares of the home improvement retailer’s stock worth $1,422,000 after buying an additional 136 shares during the last quarter. Finally, Great Lakes Retirement Inc. lifted its position in shares of Home Depot by 3.8% in the third quarter. Great Lakes Retirement Inc. now owns 5,231 shares of the home improvement retailer’s stock valued at $2,120,000 after buying an additional 193 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $402.40 on Friday. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The firm’s 50-day simple moving average is $388.23 and its two-hundred day simple moving average is $359.43. The firm has a market cap of $399.03 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the business earned $4.65 earnings per share. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Truist Financial lifted their price target on Home Depot from $395.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a report on Tuesday. They issued a “market perform” rating and a $451.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $410.67.

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.