Capitolis Liquid Global Markets LLC Reduces Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Capitolis Liquid Global Markets LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,300 shares of the home improvement retailer's stock after selling 1,400 shares during the period. Capitolis Liquid Global Markets LLC's holdings in Home Depot were worth $10,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in Home Depot by 10.7% during the third quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after buying an additional 141,915 shares in the last quarter. Pensionfund Sabic boosted its holdings in Home Depot by 51.4% during the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer's stock valued at $4,357,000 after acquiring an additional 3,800 shares during the period. Legacy Wealth Management LLC MS grew its holdings in shares of Home Depot by 2.2% in the fourth quarter. Legacy Wealth Management LLC MS now owns 1,316 shares of the home improvement retailer's stock valued at $512,000 after purchasing an additional 28 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of Home Depot by 5.8% in the fourth quarter. CWA Asset Management Group LLC now owns 16,702 shares of the home improvement retailer's stock valued at $6,497,000 after acquiring an additional 913 shares in the last quarter. Finally, Capital Market Strategies LLC raised its position in Home Depot by 2.3% in the 4th quarter. Capital Market Strategies LLC now owns 6,337 shares of the home improvement retailer's stock valued at $2,465,000 after purchasing an additional 145 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.9 %

Home Depot stock traded up $3.17 during trading on Wednesday, reaching $362.55. The company had a trading volume of 2,657,129 shares, compared to its average volume of 3,448,582. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock's 50 day moving average price is $359.10 and its two-hundred day moving average price is $389.39. The firm has a market capitalization of $360.38 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last announced 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 company had revenue of $39.70 billion during 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 business's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.82 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on HD shares. Morgan Stanley dropped their price objective on Home Depot from $450.00 to $410.00 and set an "overweight" rating on the stock in a report on Monday. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and upped their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price objective on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Robert W. Baird reduced their price objective on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. 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 data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $430.12.

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.