The Home Depot, Inc. (NYSE:HD) is International Assets Investment Management LLC’s 3rd Largest Position

International Assets Investment Management LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 51,250.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,779,833 shares of the home improvement retailer’s stock after purchasing an additional 8,762,735 shares during the quarter. Home Depot accounts for 4.8% of International Assets Investment Management LLC’s portfolio, making the stock its 3rd largest position. International Assets Investment Management LLC owned about 0.89% of Home Depot worth $35,575,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. DGS Capital Management LLC boosted its holdings in shares of Home Depot by 12.2% in the first 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 last quarter. Clarity Financial LLC raised its position in Home Depot by 3.1% in the first quarter. Clarity Financial LLC now owns 1,688 shares of the home improvement retailer’s stock worth $648,000 after acquiring an additional 51 shares during the period. Corundum Group Inc. boosted its stake in shares of Home Depot by 3.3% during the 1st 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 last quarter. S.A. Mason LLC boosted its stake in shares of Home Depot by 3.3% during the 1st 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 last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of 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 valued at $14,674,000 after acquiring an additional 11,845 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.7 %

NYSE HD opened at $402.40 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The firm 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 company has a fifty day moving average of $388.23 and a two-hundred day moving average of $359.43.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the previous year, the company earned $4.65 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on HD shares. Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Truist Financial raised their target price on shares of Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. Finally, DA Davidson increased their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.