The Home Depot, Inc. (NYSE:HD) Stock Position Raised by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 616.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,933 shares of the home improvement retailer’s stock after buying an additional 7,687 shares during the period. Twin Capital Management Inc.’s holdings in Home Depot were worth $3,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Keener Financial Planning LLC bought a new position in Home Depot in the 4th quarter worth about $31,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter worth about $27,000. PFG Private Wealth Management LLC grew its position in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. KB Financial Partners LLC bought a new position in Home Depot in the 1st quarter worth about $28,000. Finally, Gilfoyle & Co LLC bought a new position in Home Depot in the 4th quarter worth about $35,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. HSBC reaffirmed a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. Wells Fargo & Company upped their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. TD Cowen upped their price target on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Wedbush increased their target price on shares of Home Depot from $380.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Evercore ISI cut their target price on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Price Performance

Shares of HD opened at $332.89 on Friday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market capitalization of $329.90 billion, a PE ratio of 22.05, a PEG ratio of 2.22 and a beta of 0.98. The company’s 50-day moving average is $367.92 and its 200-day moving average is $338.97. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for 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 business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 earnings per share. Equities analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a dividend yield of 2.70%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is currently 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.