Quantinno Capital Management LP Purchases 24,499 Shares of The Home Depot, Inc. (NYSE:HD)

Quantinno Capital Management LP grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,439 shares of the home improvement retailer's stock after purchasing an additional 24,499 shares during the period. Home Depot makes up approximately 0.4% of Quantinno Capital Management LP's investment portfolio, making the stock its 28th largest holding. Quantinno Capital Management LP's holdings in Home Depot were worth $44,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. POM Investment Strategies LLC raised its stake in shares of Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after purchasing an additional 24 shares in the last quarter. Center for Financial Planning Inc. boosted its position 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 valued at $1,810,000 after acquiring an additional 24 shares during the period. Marino Stram & Associates LLC boosted 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 valued at $431,000 after buying an additional 25 shares during the period. Live Oak Private Wealth LLC grew its holdings in shares of Home Depot by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after purchasing an additional 25 shares in the last quarter. Finally, Mezzasalma Advisors LLC grew its stake in Home Depot by 4.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock worth $255,000 after buying an additional 25 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of HD stock opened at $373.66 on Wednesday. The company has a market capitalization of $371.43 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock's fifty day simple moving average is $357.86 and its 200-day simple moving average is $388.40.

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 for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the previous year, the company earned $2.82 earnings per share. Home Depot's revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.46%. This is a boost from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot's dividend payout ratio is currently 61.66%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada lowered their target price on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on Home Depot from $470.00 to $410.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and lifted their price target for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $430.32.

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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