Livforsakringsbolaget Skandia Omsesidigt lowered its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 17.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,714 shares of the home improvement retailer’s stock after selling 5,350 shares during the quarter. Home Depot accounts for about 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 27th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Home Depot were worth $6,820,000 at the end of the most recent reporting period.

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A number of other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group grew its position in shares of Home Depot by 5.4% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 648 shares of the home improvement retailer’s stock valued at $178,000 after purchasing an additional 33 shares in the last quarter. Westshore Wealth LLC lifted its holdings in shares of Home Depot by 2.8% in the 3rd quarter. Westshore Wealth LLC now owns 1,300 shares of the home improvement retailer’s stock valued at $359,000 after acquiring an additional 35 shares during the last quarter. Bridge Advisory LLC lifted its holdings in shares of Home Depot by 1.5% in the 3rd quarter. Bridge Advisory LLC now owns 2,507 shares of the home improvement retailer’s stock valued at $692,000 after acquiring an additional 36 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Home Depot by 0.6% in the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,873 shares of the home improvement retailer’s stock valued at $1,621,000 after acquiring an additional 36 shares during the last quarter. Finally, Hudock Inc. lifted its holdings in shares of Home Depot by 1.3% in the 3rd quarter. Hudock Inc. now owns 2,833 shares of the home improvement retailer’s stock valued at $781,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

Home Depot Stock Performance

HD stock traded up $4.18 during trading on Friday, hitting $297.20. 1,901,401 shares of the company traded hands, compared to its average volume of 3,557,145. The stock’s 50-day simple moving average is $316.81 and its 200 day simple moving average is $305.50. The company has a debt-to-equity ratio of 26.86, a current ratio of 1.41 and a quick ratio of 0.33. The company has a market cap of $304.25 billion, a PE ratio of 17.57, a P/E/G ratio of 1.63 and a beta of 0.93. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.04. The company had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. Home Depot’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $3.21 earnings per share. On average, equities analysts expect that The Home Depot, Inc. will post 15.9 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be issued a $2.09 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, March 8th. Home Depot’s dividend payout ratio (DPR) is presently 45.56%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Evercore ISI lowered their price target on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. TheStreet raised shares of Home Depot from a “c+” rating to a “b” rating in a report on Tuesday, November 15th. Credit Suisse Group decreased their price objective on shares of Home Depot from $335.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 22nd. Bank of America decreased their price objective on shares of Home Depot from $360.00 to $346.00 in a research note on Wednesday, February 22nd. Finally, Cowen decreased their price objective on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, February 22nd. Thirteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $331.45.

Home Depot Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Further Reading

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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