Aristotle Atlantic Partners LLC Sells 9,820 Shares of The Home Depot, Inc. (NYSE:HD)

Aristotle Atlantic Partners LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,955 shares of the home improvement retailer's stock after selling 9,820 shares during the quarter. Home Depot comprises about 2.1% of Aristotle Atlantic Partners LLC's holdings, making the stock its 13th largest position. Aristotle Atlantic Partners LLC's holdings in Home Depot were worth $66,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Home Depot by 10.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after purchasing an additional 141,915 shares during the period. Versant Capital Management Inc grew its stake in shares of Home Depot by 7.5% during the fourth quarter. Versant Capital Management Inc now owns 6,547 shares of the home improvement retailer's stock valued at $2,547,000 after acquiring an additional 457 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Home Depot by 19.4% in the fourth quarter. GAMMA Investing LLC now owns 26,052 shares of the home improvement retailer's stock worth $10,134,000 after acquiring an additional 4,229 shares in the last quarter. Modus Advisors LLC grew its stake in Home Depot by 0.3% during the 4th quarter. Modus Advisors LLC now owns 9,244 shares of the home improvement retailer's stock valued at $3,596,000 after purchasing an additional 31 shares in the last quarter. Finally, Everence Capital Management Inc. raised its position in shares of Home Depot by 34.7% in the 4th quarter. Everence Capital Management Inc. now owns 36,418 shares of the home improvement retailer's stock valued at $14,166,000 after purchasing an additional 9,380 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 1.0 %

NYSE HD traded up $3.50 during trading on Wednesday, reaching $362.88. The company's stock had a trading volume of 1,071,099 shares, compared to its average volume of 3,440,353. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $360.71 billion, a PE ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The business has a 50-day moving average price of $359.78 and a 200-day moving average price of $389.58.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot's dividend payout ratio is currently 61.66%.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $470.00 to $410.00 and set an "overweight" rating on the stock in a research note on Tuesday. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Wedbush restated an "outperform" rating and set a $440.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Finally, Morgan Stanley lowered their target price on Home Depot from $450.00 to $410.00 and set an "overweight" rating for the company in a report on Monday. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $430.12.

About Home Depot

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.