Capital International Investors Cuts Position in The Home Depot, Inc. (NYSE:HD)

Capital International Investors trimmed its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,931,836 shares of the home improvement retailer’s stock after selling 702 shares during the period. Capital International Investors owned about 0.19% of Home Depot worth $669,478,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HD. Cape Investment Advisory Inc. boosted its holdings in shares of Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after acquiring an additional 28 shares during the period. Optas LLC increased its position in shares of Home Depot by 1.7% in the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock valued at $607,000 after buying an additional 29 shares in the last quarter. STAR Financial Bank increased its position in shares of Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after buying an additional 29 shares in the last quarter. Harvest Investment Advisors LLC increased its position in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock valued at $1,153,000 after buying an additional 30 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. increased its position in shares of Home Depot by 0.3% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock valued at $3,778,000 after buying an additional 30 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

HD traded up $1.59 during trading on Wednesday, hitting $329.85. The company’s stock had a trading volume of 1,170,424 shares, compared to its average volume of 3,405,573. The firm’s 50 day moving average price is $342.85 and its two-hundred day moving average price is $349.75. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a market capitalization of $327.08 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.82 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 15.31 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.25 per share. The ex-dividend date is Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.73%. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HD shares. Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price objective on shares of Home Depot in a research note on Wednesday, February 14th. Evercore ISI lifted their price objective on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Stifel Nicolaus boosted their price target on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $377.46.

Check Out Our Latest Stock Report on Home Depot

About Home Depot

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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