The Home Depot, Inc. (NYSE:HD) Stock Holdings Lessened by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,500 shares of the home improvement retailer’s stock after selling 2,100 shares during the quarter. Intact Investment Management Inc.’s holdings in Home Depot were worth $10,916,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HD. International Assets Investment Management LLC lifted its position in shares of Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Home Depot in the 3rd quarter worth about $207,210,000. Envestnet Asset Management Inc. increased its holdings in shares of Home Depot by 20.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,468,902 shares of the home improvement retailer’s stock worth $746,003,000 after acquiring an additional 421,619 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Home Depot by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,418,400 shares of the home improvement retailer’s stock worth $1,032,904,000 after acquiring an additional 346,641 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of analyst reports. Telsey Advisory Group increased their price objective on shares of Home Depot from $335.00 to $360.00 and gave the stock a “market perform” rating in a report on Monday, April 1st. Piper Sandler raised shares of Home Depot from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. HSBC reaffirmed a “reduce” rating and issued a $323.00 price objective on shares of Home Depot in a report on Wednesday, April 3rd. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, Robert W. Baird reissued an “outperform” rating and set a $370.00 target price on shares of Home Depot in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $375.96.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.9 %

Shares of NYSE HD traded up $3.11 during trading hours on Friday, hitting $335.09. The stock had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. The firm’s 50-day moving average price is $364.77 and its two-hundred day moving average price is $340.68. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a market capitalization of $332.08 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Home Depot 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.