Boston Partners Sells 133,900 Shares of The Home Depot, Inc. (NYSE:HD)

Boston Partners cut its stake in The Home Depot, Inc. (NYSE:HD) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 905,056 shares of the home improvement retailer’s stock after selling 133,900 shares during the period. Boston Partners owned about 0.09% of Home Depot worth $353,061,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Intech Investment Management LLC grew its stake in Home Depot by 12.0% in the 4th quarter. Intech Investment Management LLC now owns 33,155 shares of the home improvement retailer’s stock worth $12,897,000 after acquiring an additional 3,562 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Home Depot in the fourth quarter worth approximately $47,320,000. Evoke Wealth LLC increased its holdings in Home Depot by 2.0% during the 4th quarter. Evoke Wealth LLC now owns 4,128 shares of the home improvement retailer’s stock worth $1,606,000 after purchasing an additional 80 shares during the period. Horizon Investments LLC raised its position in Home Depot by 1.6% during the 4th quarter. Horizon Investments LLC now owns 10,141 shares of the home improvement retailer’s stock valued at $3,945,000 after purchasing an additional 155 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Home Depot by 6.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 695,248 shares of the home improvement retailer’s stock worth $270,617,000 after buying an additional 42,760 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $354.06 on Tuesday. The company has a fifty day moving average of $396.73 and a two-hundred day moving average of $399.54. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market capitalization of $351.71 billion, a PE ratio of 24.05, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share 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 for the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the company posted $2.82 EPS. Home Depot’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share 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. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.60%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, March 13th. Home Depot’s payout ratio is presently 61.66%.

Analyst Ratings Changes

HD has been the subject of several recent research reports. Piper Sandler decreased their price objective on Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Truist Financial reduced their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Robert W. Baird dropped their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $436.50.

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.