International Assets Investment Management LLC Has $35.58 Billion Stock Position in The Home Depot, Inc. (NYSE:HD)

International Assets Investment Management LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 51,250.1% during the third quarter, HoldingsChannel.com reports. The fund owned 8,779,833 shares of the home improvement retailer’s stock after buying an additional 8,762,735 shares during the quarter. Home Depot makes up approximately 4.8% of International Assets Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. International Assets Investment Management LLC’s holdings in Home Depot were worth $35,575,880,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. DGS Capital Management LLC lifted its holdings in shares of Home Depot by 12.2% in the 1st quarter. DGS Capital Management LLC now owns 1,283 shares of the home improvement retailer’s stock worth $492,000 after buying an additional 140 shares during the period. Clarity Financial LLC raised its holdings in shares of Home Depot by 3.1% in the first quarter. Clarity Financial LLC now owns 1,688 shares of the home improvement retailer’s stock valued at $648,000 after acquiring an additional 51 shares in the last quarter. Corundum Group Inc. lifted its stake in Home Depot by 3.3% in the first quarter. Corundum Group Inc. now owns 5,243 shares of the home improvement retailer’s stock worth $2,011,000 after acquiring an additional 169 shares during the period. S.A. Mason LLC lifted its stake in Home Depot by 3.3% in the first quarter. S.A. Mason LLC now owns 3,258 shares of the home improvement retailer’s stock worth $1,250,000 after acquiring an additional 103 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its holdings in Home Depot by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 38,252 shares of the home improvement retailer’s stock worth $14,674,000 after acquiring an additional 11,845 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE HD opened at $402.40 on Friday. The stock has a market capitalization of $399.03 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.88 and a beta of 1.00. The stock has a 50-day moving average of $388.23 and a 200 day moving average of $359.43. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the company posted $4.65 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.24%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HD. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Wednesday, October 2nd. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and upped their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Finally, Truist Financial upped their price target on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.