The Home Depot, Inc. (NYSE:HD) is Athena Investment Management’s 10th Largest Position

Athena Investment Management cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,351 shares of the home improvement retailer’s stock after selling 278 shares during the quarter. Home Depot accounts for about 1.4% of Athena Investment Management’s investment portfolio, making the stock its 10th largest holding. Athena Investment Management’s holdings in Home Depot were worth $2,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of HD. AMF Tjanstepension AB boosted its holdings in Home Depot by 10.8% during the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after acquiring an additional 16,650 shares during the period. SYM FINANCIAL Corp boosted its holdings in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares during the period. Wealth Group Ltd. purchased a new stake in Home Depot during the 3rd quarter valued at about $217,000. Swedbank AB boosted its holdings in Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its holdings in Home Depot by 1.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,860 shares of the home improvement retailer’s stock worth $754,000 after buying an additional 29 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Wednesday. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI increased their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Stock Up 1.6 %

Home Depot stock opened at $396.69 on Friday. The firm has a market cap of $394.06 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.03 and a beta of 1.05. The stock has a fifty day simple moving average of $401.36 and a two-hundred day simple moving average of $399.06. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month 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.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.09. The firm 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 company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $2.30 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio (DPR) is 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.