Asset Dedication LLC Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Asset Dedication LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,235 shares of the home improvement retailer’s stock after selling 2,635 shares during the period. Asset Dedication LLC’s holdings in Home Depot were worth $5,148,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HD. International Assets Investment Management LLC increased its position in shares of Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Home Depot in the 3rd quarter worth approximately $336,231,000. FMR LLC raised its position in shares of Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Home Depot by 295.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock worth $280,932,000 after acquiring an additional 518,054 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Home Depot by 2.0% in the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock valued at $8,767,449,000 after acquiring an additional 433,126 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $414.56 on Friday. The company has a market capitalization of $411.81 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 4.32 and a beta of 1.05. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a 50 day moving average of $407.93 and a 200 day moving average of $391.93.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the company posted $3.81 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada boosted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen increased their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

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.