The Home Depot, Inc. (NYSE:HD) Holdings Trimmed by Prudential PLC

Prudential PLC decreased its stake in The Home Depot, Inc. (NYSE:HD) by 20.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,223 shares of the home improvement retailer’s stock after selling 13,353 shares during the quarter. Prudential PLC’s holdings in Home Depot were worth $18,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Home Depot in the 3rd quarter valued at $64,000. Baltimore Washington Financial Advisors Inc. grew its holdings in shares of Home Depot by 0.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 36,595 shares of the home improvement retailer’s stock worth $11,058,000 after buying an additional 312 shares in the last quarter. Shepherd Financial Partners LLC grew its holdings in shares of Home Depot by 18.7% during the third quarter. Shepherd Financial Partners LLC now owns 8,955 shares of the home improvement retailer’s stock worth $2,705,000 after buying an additional 1,412 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Home Depot in the third quarter valued at approximately $616,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Home Depot by 115.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 2,640 shares of the home improvement retailer’s stock valued at $798,000 after buying an additional 1,413 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. DA Davidson reissued a “neutral” rating and set a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. Mizuho assumed coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective on the stock. Guggenheim reaffirmed a “buy” rating and set a $390.00 target price on shares of Home Depot in a report on Friday, April 5th. Citigroup dropped their price objective on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Finally, Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock traded down $4.07 during mid-day trading on Friday, hitting $327.03. The company had a trading volume of 2,583,813 shares, compared to its average volume of 3,540,773. The company has a market capitalization of $324.29 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.28 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company has a 50-day moving average price of $339.56 and a 200 day moving average price of $349.62.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.82 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.31 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be paid a $2.25 dividend. The ex-dividend date is Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.75%. Home Depot’s dividend payout ratio is currently 60.36%.

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.