The Home Depot, Inc. (NYSE:HD) Stock Holdings Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 432,848 shares of the home improvement retailer's stock after selling 18,818 shares during the period. Home Depot comprises about 0.6% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 26th largest holding. Public Employees Retirement System of Ohio's holdings in Home Depot were worth $168,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Wealth Group Ltd. boosted its stake in shares of Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares in the last quarter. Tallon Kerry Patrick acquired a new position in Home Depot during the 4th quarter worth approximately $281,000. Capital & Planning LLC grew its position in Home Depot by 110.2% in the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock valued at $418,000 after purchasing an additional 563 shares during the period. Ironwood Wealth Management LLC. increased its position in shares of Home Depot by 0.7% during the fourth quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock worth $1,765,000 after acquiring an additional 32 shares in the last quarter. Finally, Martel Wealth Advisors Inc bought a new position in shares of Home Depot in the fourth quarter valued at approximately $1,221,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.8%

Shares of NYSE HD traded down $2.96 during midday trading on Friday, hitting $363.17. The company's stock had a trading volume of 3,114,029 shares, compared to its average volume of 3,431,641. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The business's fifty day simple moving average is $359.90 and its two-hundred day simple moving average is $387.11. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $361.00 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.63 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho dropped their price target on Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday. Piper Sandler decreased their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. HSBC raised Home Depot from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Tuesday, May 20th. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $426.77.

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.