The Home Depot, Inc. (NYSE:HD) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,874 shares of the home improvement retailer’s stock after selling 3,216 shares during the period. Bridges Investment Management Inc.’s holdings in Home Depot were worth $43,518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maia Wealth LLC lifted its stake in shares of Home Depot by 1.8% during the 4th quarter. Maia Wealth LLC now owns 3,041 shares of the home improvement retailer’s stock worth $1,203,000 after purchasing an additional 53 shares during the period. BlueStem Wealth Partners LLC purchased a new position in shares of Home Depot during the 4th quarter worth $232,000. Purkiss Capital Advisors LLC purchased a new position in shares of Home Depot during the 4th quarter worth $698,000. PCG Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth $1,651,000. Finally, Duncker Streett & Co. Inc. lifted its stake in shares of Home Depot by 0.8% during the 4th quarter. Duncker Streett & Co. Inc. now owns 15,229 shares of the home improvement retailer’s stock worth $5,924,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. HSBC raised Home Depot from a “reduce” rating to a “hold” rating and increased their price target for the stock from $356.00 to $410.00 in a research note on Wednesday. Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research report on Wednesday. Finally, Robert W. Baird cut their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Up 1.6 %

NYSE:HD opened at $396.69 on Friday. The company has a market capitalization of $394.06 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a 50-day simple moving average of $401.36 and a 200 day simple moving average of $399.06. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $2.82 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is 61.66%.

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.