Twin Capital Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,481 shares of the home improvement retailer's stock after selling 3,724 shares during the period. Home Depot accounts for about 0.7% of Twin Capital Management Inc.'s investment portfolio, making the stock its 28th biggest position. Twin Capital Management Inc.'s holdings in Home Depot were worth $5,206,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Heartwood Wealth Advisors LLC boosted its holdings in shares of Home Depot by 4.1% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer's stock valued at $437,000 after purchasing an additional 63 shares during the period. Cottage Street Advisors LLC boosted its holdings in shares of Home Depot by 26,657.7% in the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer's stock valued at $659,000 after purchasing an additional 3,567,063 shares during the period. Sigma Planning Corp lifted its holdings in Home Depot by 1.6% during the fourth quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer's stock worth $13,718,000 after buying an additional 672 shares during the period. West Branch Capital LLC boosted its position in Home Depot by 0.4% during the 3rd quarter. West Branch Capital LLC now owns 10,863 shares of the home improvement retailer's stock valued at $2,998,000 after acquiring an additional 41 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC increased its holdings in shares of Home Depot by 3.3% in the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 7,824 shares of the home improvement retailer's stock valued at $2,159,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 68.31% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on HD. Morgan Stanley reduced their price target on Home Depot from $360.00 to $340.00 and set an "overweight" rating for the company in a research report on Wednesday, February 22nd. Barclays reduced their price target on Home Depot from $323.00 to $310.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 22nd. Bank of America reduced their price target on Home Depot from $360.00 to $346.00 in a research report on Wednesday, February 22nd. Roth Mkm reduced their price target on Home Depot from $312.00 to $292.00 and set a "neutral" rating for the company in a research report on Wednesday, February 22nd. Finally, StockNews.com assumed coverage on Home Depot in a research report on Thursday, March 16th. They issued a "hold" rating for the company. Thirteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $329.89.
Home Depot Stock Performance
NYSE HD opened at $292.19 on Friday. The stock has a 50-day simple moving average of $297.04 and a two-hundred day simple moving average of $304.62. The firm has a market capitalization of $295.89 billion, a P/E ratio of 17.52, a PEG ratio of 1.68 and a beta of 0.93. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $347.25. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.26 by $0.04. The business had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The company's revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.85 earnings per share for the current year.
Home Depot Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were paid a dividend of $2.09 per share. The ex-dividend date was Wednesday, March 8th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from Home Depot's previous quarterly dividend of $1.90. Home Depot's dividend payout ratio (DPR) is presently 50.12%.
Home Depot Company Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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