Vontobel Holding Ltd. Has $68.41 Million Stake in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jun 24th, 2023

Vontobel Holding Ltd. boosted its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 73.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,803 shares of the home improvement retailer’s stock after purchasing an additional 98,355 shares during the quarter. Vontobel Holding Ltd.’s holdings in Home Depot were worth $68,410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Vanguard Group Inc. increased its holdings in Home Depot by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 94,440,614 shares of the home improvement retailer’s stock valued at $26,059,943,000 after buying an additional 1,011,858 shares during the period. Geode Capital Management LLC increased its holdings in Home Depot by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 19,008,019 shares of the home improvement retailer’s stock valued at $5,993,612,000 after buying an additional 585,226 shares during the period. Morgan Stanley increased its holdings in Home Depot by 10.0% in the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after buying an additional 1,698,402 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Home Depot by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,435,687 shares of the home improvement retailer’s stock valued at $3,899,964,000 after buying an additional 607,480 shares during the period. Finally, Norges Bank bought a new position in Home Depot in the 4th quarter valued at about $3,740,875,000. Institutional investors and hedge funds own 69.91% of the company’s stock.

Home Depot Stock Down 0.1 %

Home Depot stock opened at $300.77 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.27 and a debt-to-equity ratio of 113.02. The Home Depot, Inc. has a 12-month low of $265.61 and a 12-month high of $347.25. The firm’s fifty day moving average is $294.65 and its 200 day moving average is $303.67. The company has a market capitalization of $302.39 billion, a PE ratio of 18.33, a PEG ratio of 1.93 and a beta of 0.93.

Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The company had revenue of $37.26 billion for the quarter, compared to the consensus estimate of $38.35 billion. During the same quarter in the previous year, the company earned $4.09 EPS. Home Depot’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.78%. Home Depot’s payout ratio is presently 50.94%.

Insider Activity at Home Depot

In related news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total transaction of $440,221.18. Following the transaction, the executive vice president now owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wedbush decreased their target price on shares of Home Depot from $300.00 to $290.00 in a report on Wednesday, May 17th. Morgan Stanley decreased their price target on shares of Home Depot from $340.00 to $320.00 in a report on Wednesday, May 17th. Citigroup decreased their price target on shares of Home Depot from $332.00 to $327.00 in a report on Wednesday, May 10th. The Goldman Sachs Group decreased their price target on shares of Home Depot from $340.00 to $330.00 in a report on Tuesday, May 16th. Finally, Wells Fargo & Company lifted their price target on shares of Home Depot from $325.00 to $345.00 in a report on Thursday, June 8th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.43.

Home Depot Company Profile

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The Home Depot, Inc operates as a home improvement retailer. 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.