Caisse DE Depot ET Placement DU Quebec Sells 186,505 Shares of The Home Depot, Inc. (NYSE:HD)

Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 506,813 shares of the home improvement retailer's stock after selling 186,505 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.05% of Home Depot worth $197,145,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot in the fourth quarter valued at about $28,000. Navigoe LLC acquired a new position in Home Depot in the 4th quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot during the 4th quarter worth about $32,000. Finally, Quarry LP raised its stake in shares of Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 66 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Home Depot stock traded up $6.11 on Friday, hitting $364.41. The company's stock had a trading volume of 2,282,537 shares, compared to its average volume of 3,460,352. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $362.24 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company has a fifty day moving average price of $360.97 and a 200-day moving average price of $390.53.

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

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.52%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HD shares. Wells Fargo & Company increased their price objective on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Truist Financial cut their price target on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wedbush reiterated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Gordon Haskett lowered Home Depot from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada decreased their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $434.08.

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.