The Home Depot, Inc. (NYSE:HD) is Westwood Management Corp IL's 7th Largest Position

Westwood Management Corp IL trimmed its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 58.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,113 shares of the home improvement retailer's stock after selling 75,640 shares during the period. Home Depot comprises 6.8% of Westwood Management Corp IL's investment portfolio, making the stock its 7th biggest position. Westwood Management Corp IL's holdings in Home Depot were worth $18,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Home Depot in the fourth quarter valued at about $3,740,875,000. Moneta Group Investment Advisors LLC boosted its stake in Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer's stock valued at $3,472,867,000 after acquiring an additional 10,984,516 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer's stock valued at $1,930,104,000 after acquiring an additional 5,525,791 shares during the last quarter. Imprint Wealth LLC boosted its stake in Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer's stock valued at $241,323,000 after acquiring an additional 2,405,473 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Home Depot in the first quarter valued at about $563,524,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.3 %

Home Depot stock traded down $4.50 during trading hours on Friday, reaching $342.87. The stock had a trading volume of 3,550,338 shares, compared to its average volume of 3,785,605. The stock has a market cap of $339.79 billion, a PE ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The company has a fifty day simple moving average of $369.91 and a 200-day simple moving average of $338.58.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 EPS. Analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. Home Depot's payout ratio is presently 59.60%.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. Oppenheimer downgraded shares of Home Depot from an "outperform" rating to a "market perform" rating in a report on Monday, January 22nd. Guggenheim reissued a "buy" rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. HSBC reissued a "reduce" rating and issued a $323.00 price target on shares of Home Depot in a report on Wednesday, April 3rd. Stifel Nicolaus raised their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a "hold" rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company raised their price objective on shares of Home Depot from $385.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $376.35.

Insider Activity

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

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.