The Home Depot, Inc. (NYSE:HD) Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,663 shares of the home improvement retailer's stock after selling 3,379 shares during the quarter. Home Depot comprises approximately 1.3% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 28th largest position. Atalanta Sosnoff Capital LLC's holdings in Home Depot were worth $61,718,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HD. Vanguard Group Inc. boosted its position in shares of Home Depot by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock valued at $37,251,142,000 after buying an additional 875,836 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Home Depot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after buying an additional 257,036 shares during the period. Norges Bank purchased a new position in Home Depot during the 4th quarter valued at about $5,032,910,000. Capital Research Global Investors raised its holdings in shares of Home Depot by 5.5% in the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after purchasing an additional 647,552 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Home Depot by 13.3% during the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

HD has been the topic of a number of analyst reports. KGI Securities upgraded Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and raised their target price for the stock from $356.00 to $410.00 in a research note on Wednesday, February 26th. Truist Financial upped their target price on Home Depot from $391.00 to $393.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $430.12.

Home Depot Stock Performance

Shares of NYSE:HD traded down $2.15 on Tuesday, reaching $359.58. The company's stock had a trading volume of 2,271,317 shares, compared to its average volume of 3,449,232. The stock has a market capitalization of $357.43 billion, a P/E ratio of 24.43, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The stock's 50-day moving average is $360.40 and its two-hundred day moving average is $389.79. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, beating 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 firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.56%. Home Depot's payout ratio is currently 61.66%.

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.