GAM Holding AG Sells 8,235 Shares of The Home Depot, Inc. (NYSE:HD)

GAM Holding AG lowered its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 42.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,132 shares of the home improvement retailer's stock after selling 8,235 shares during the period. GAM Holding AG's holdings in Home Depot were worth $3,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BCK Partners Inc. purchased a new stake in Home Depot during the first quarter valued at about $2,933,000. Fairfield Bush & CO. purchased a new stake in Home Depot during the first quarter valued at about $27,000. Ergoteles LLC purchased a new stake in Home Depot during the first quarter valued at about $1,554,000. Equitable Holdings Inc. grew its position in Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer's stock valued at $4,379,000 after acquiring an additional 1,007 shares during the period. Finally, First Trust Advisors LP grew its position in Home Depot by 3.2% during the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer's stock valued at $236,865,000 after acquiring an additional 24,640 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company's stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Home Depot Stock Down 0.1 %

Home Depot stock traded down $0.28 during mid-day trading on Friday, hitting $357.40. 3,243,396 shares of the company's stock were exchanged, compared to its average volume of 3,258,032. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The stock has a market cap of $354.19 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.40 and a beta of 0.98. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a 50 day moving average of $370.30 and a two-hundred day moving average of $336.56.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.38 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Wednesday, March 6th. Home Depot's dividend payout ratio (DPR) is currently 59.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HD. The Goldman Sachs Group boosted their price objective on Home Depot from $347.00 to $393.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Piper Sandler upgraded Home Depot from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $311.00 to $400.00 in a research note on Tuesday, January 16th. Wedbush boosted their price objective on Home Depot from $380.00 to $410.00 and gave the stock an "outperform" rating in a research note on Monday. DA Davidson restated a "neutral" rating and set a $370.00 price objective on shares of Home Depot in a research note on Monday. Finally, Telsey Advisory Group boosted their price target on Home Depot from $335.00 to $360.00 and gave the stock a "market perform" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $376.35.

Home Depot Company 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.