Pictet Asset Management SA decreased its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 983,983 shares of the home improvement retailer’s stock after selling 88,190 shares during the period. Pictet Asset Management SA’s holdings in Home Depot were worth $408,363,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HD. Shore Point Advisors LLC purchased a new stake in Home Depot in the fourth quarter valued at $26,000. Barnett & Company Inc. raised its stake in shares of Home Depot by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Retirement Group LLC increased its stake in shares of Home Depot by 111.1% in the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 50 shares during the last quarter. Macroview Investment Management LLC increased its stake in shares of Home Depot by 83.3% in the fourth quarter. Macroview Investment Management LLC now owns 110 shares of the home improvement retailer’s stock worth $46,000 after buying an additional 50 shares during the last quarter. Finally, Andrew Hill Investment Advisors Inc. acquired a new position in Home Depot in the 4th quarter worth approximately $47,000. 70.61% of the stock is owned by institutional investors.
Shares of NYSE:HD traded up $6.73 during mid-day trading on Thursday, reaching $289.69. The stock had a trading volume of 4,410,031 shares, compared to its average volume of 4,893,482. The company has a current ratio of 1.01, a quick ratio of 0.24 and a debt-to-equity ratio of 35.47. The company has a market cap of $299.36 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The business’s 50 day moving average price is $311.10 and its 200 day moving average price is $354.47. The Home Depot, Inc. has a 1 year low of $280.63 and a 1 year high of $420.61.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were paid a $1.90 dividend. This is a boost from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. This represents a $7.60 annualized dividend and a dividend yield of 2.62%. Home Depot’s dividend payout ratio is presently 48.97%.
In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $309.80, for a total transaction of $156,139.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.
A number of research firms recently weighed in on HD. Jefferies Financial Group dropped their price target on Home Depot from $455.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. UBS Group cut their price target on Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Friday, February 25th. Telsey Advisory Group decreased their price objective on Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a report on Wednesday, February 23rd. Finally, Robert W. Baird lowered their price target on Home Depot from $425.00 to $380.00 in a report on Tuesday, February 22nd. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Buy” and an average price target of $387.43.
Home Depot Company Profile (Get Rating)
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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