The Home Depot, Inc. (NYSE:HD) Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 76.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,400 shares of the home improvement retailer’s stock after selling 4,600 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Home Depot were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montis Financial LLC grew its position in shares of Home Depot by 19.2% during the fourth quarter. Montis Financial LLC now owns 1,239 shares of the home improvement retailer’s stock worth $482,000 after acquiring an additional 200 shares during the last quarter. Zevin Asset Management LLC increased its position in Home Depot by 16.6% in the 4th quarter. Zevin Asset Management LLC now owns 21,801 shares of the home improvement retailer’s stock valued at $8,480,000 after acquiring an additional 3,104 shares during the period. Kestra Advisory Services LLC raised its stake in Home Depot by 8.7% during the 4th quarter. Kestra Advisory Services LLC now owns 151,076 shares of the home improvement retailer’s stock valued at $58,767,000 after acquiring an additional 12,100 shares during the last quarter. HMV Wealth Advisors LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $1,305,000. Finally, First National Trust Co grew its stake in shares of Home Depot by 2.0% in the 4th quarter. First National Trust Co now owns 61,591 shares of the home improvement retailer’s stock valued at $23,958,000 after purchasing an additional 1,229 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Wedbush restated an “outperform” rating and issued a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, HSBC raised Home Depot from a “reduce” rating to a “hold” rating and raised their price target for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

Home Depot Stock Up 1.1 %

HD stock opened at $351.16 on Friday. The company has a 50 day moving average price of $397.43 and a two-hundred day moving average price of $399.44. 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 stock has a market capitalization of $348.83 billion, a P/E ratio of 23.86, a PEG ratio of 4.03 and a beta of 1.09. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) 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 return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the previous year, the business earned $2.82 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

Home Depot Company 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.