Shell Asset Management Co. Sells 902 Shares of The Home Depot, Inc. (NYSE:HD)

Shell Asset Management Co. lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,483 shares of the home improvement retailer's stock after selling 902 shares during the quarter. Home Depot makes up about 0.6% of Shell Asset Management Co.'s investment portfolio, making the stock its 23rd largest position. Shell Asset Management Co.'s holdings in Home Depot were worth $13,414,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the 4th quarter worth about $28,000. Navigoe LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $32,000. Finally, Quarry LP raised its position in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HD. Wells Fargo & Company dropped their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Wedbush restated an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of 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. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $430.32.

Home Depot Stock Up 1.7%

Shares of HD opened at $379.13 on Friday. The firm has a market capitalization of $376.87 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 4.03 and a beta of 1.05. 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 business's fifty day moving average price is $357.87 and its two-hundred day moving average price is $388.12. 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 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. The business 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 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 2.43%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

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.

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