Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Home Depot Inc (NYSE:HD) by 0.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 332,610 shares of the home improvement retailer’s stock after selling 2,015 shares during the quarter. Home Depot makes up about 0.9% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 18th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Home Depot were worth $59,284,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Geode Capital Management LLC raised its position in Home Depot by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock valued at $2,207,871,000 after purchasing an additional 259,863 shares during the period. Jennison Associates LLC raised its holdings in shares of Home Depot by 65.4% in the 4th quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock valued at $1,559,421,000 after buying an additional 3,254,382 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Home Depot by 1.4% in the 4th quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock valued at $1,550,423,000 after buying an additional 115,794 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Home Depot by 1.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,184,365 shares of the home improvement retailer’s stock valued at $1,172,123,000 after buying an additional 95,146 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Home Depot by 17.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock valued at $1,121,990,000 after buying an additional 899,399 shares during the period. Institutional investors own 69.16% of the company’s stock.
Several equities research analysts recently issued reports on HD shares. Morgan Stanley set a $210.00 price objective on Home Depot and gave the company a “buy” rating in a report on Wednesday, March 21st. Wells Fargo & Co started coverage on Home Depot in a report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 price objective on the stock. Gabelli started coverage on Home Depot in a report on Wednesday, April 11th. They issued a “buy” rating and a $206.00 price objective on the stock. Credit Suisse Group set a $222.00 price objective on Home Depot and gave the company a “buy” rating in a report on Monday, May 14th. Finally, Zacks Investment Research downgraded Home Depot from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Home Depot has a consensus rating of “Buy” and an average price target of $197.25.
In other Home Depot news, Director Stephanie Linnartz acquired 1,000 shares of the stock in a transaction dated Friday, June 1st. The stock was acquired at an average cost of $187.57 per share, with a total value of $187,570.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark Holifield sold 45,549 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $186.84, for a total value of $8,510,375.16. Following the transaction, the executive vice president now directly owns 51,879 shares of the company’s stock, valued at $9,693,072.36. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Home Depot opened at $193.62 on Thursday, MarketBeat reports. The stock has a market cap of $223.81 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.45 and a beta of 1.12. Home Depot Inc has a 1 year low of $144.25 and a 1 year high of $207.60. The company has a quick ratio of 0.37, a current ratio of 1.17 and a debt-to-equity ratio of 14.37.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.03. The business had revenue of $24.95 billion during the quarter, compared to analysts’ expectations of $25.17 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. research analysts forecast that Home Depot Inc will post 9.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 14th. Stockholders of record on Thursday, May 31st were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.13%. Home Depot’s dividend payout ratio is currently 55.23%.
Home Depot Company Profile
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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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