Bedrijfstakpensioenfonds Voor DE Media PNO Has $12.33 Million Stake in The Home Depot, Inc. (NYSE:HD)

Bedrijfstakpensioenfonds Voor DE Media PNO trimmed its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,700 shares of the home improvement retailer's stock after selling 6,250 shares during the period. Home Depot accounts for approximately 1.6% of Bedrijfstakpensioenfonds Voor DE Media PNO's investment portfolio, making the stock its 23rd biggest position. Bedrijfstakpensioenfonds Voor DE Media PNO's holdings in Home Depot were worth $12,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HD. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter valued at about $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $31,000. PFG Private Wealth Management LLC grew its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the fourth quarter valued at about $35,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company's stock, valued at approximately $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly 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. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Home Depot from $347.00 to $393.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Evercore ISI cut their price objective on shares of Home Depot from $420.00 to $415.00 and set an "outperform" rating for the company in a research report on Tuesday, April 16th. TD Cowen upped their price objective on shares of Home Depot from $415.00 to $440.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. Barclays raised shares of Home Depot from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Finally, Mizuho initiated coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a "buy" rating and a $415.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $375.96.

Home Depot Stock Up 0.9 %

Shares of HD traded up $3.11 during trading hours on Friday, reaching $335.09. The stock had a trading volume of 2,465,262 shares, compared to its average volume of 3,779,238. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a 50-day simple moving average of $364.77 and a 200 day simple moving average of $340.97. 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 company has a market capitalization of $332.08 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.21 and a beta of 0.98.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion for the quarter, compared to analysts' expectations of $34.64 billion. During the same period last year, the business earned $3.30 EPS. The business's revenue was down 2.9% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm 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 represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Home Depot's previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot's payout ratio is presently 59.60%.

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.

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