Johnson Financial Group Inc. Sells 3,926 Shares of The Home Depot, Inc. (NYSE:HD)

Johnson Financial Group Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,525 shares of the home improvement retailer's stock after selling 3,926 shares during the quarter. Johnson Financial Group Inc.'s holdings in Home Depot were worth $4,336,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. POM Investment Strategies LLC raised its stake in shares of Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after acquiring an additional 24 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after acquiring an additional 24 shares during the last quarter. Marino Stram & Associates LLC raised its stake in shares of Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock worth $431,000 after acquiring an additional 25 shares during the last quarter. Live Oak Private Wealth LLC raised its stake in shares of Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after acquiring an additional 25 shares during the last quarter. Finally, Mezzasalma Advisors LLC raised its stake in shares of Home Depot by 4.0% in the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after acquiring an additional 25 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE HD traded down $2.50 on Wednesday, hitting $356.50. The stock had a trading volume of 1,073,807 shares, compared to its average volume of 3,618,815. The firm has a 50-day moving average of $362.50 and a 200-day moving average of $391.50. The company has a market capitalization of $354.37 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm's revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 earnings per share. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS 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 paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Royal Bank of Canada lowered their price target 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. Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Ten 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $434.08.

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.