Oregon Public Employees Retirement Fund Decreases Stock Position in The Home Depot, Inc. (NYSE:HD)


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Oregon Public Employees Retirement Fund lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 84,873 shares of the home improvement retailer’s stock after selling 2,186 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in The Home Depot were worth $22,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flagship Private Wealth LLC purchased a new position in shares of The Home Depot during the 4th quarter valued at approximately $32,000. Westchester Capital Management Inc. acquired a new stake in The Home Depot during the 4th quarter worth about $33,000. Bouvel Investment Partners LLC purchased a new stake in shares of The Home Depot during the 4th quarter worth about $33,000. Claudia M.P. Batlle CRP R LLC bought a new position in shares of The Home Depot in the 3rd quarter valued at approximately $34,000. Finally, Johnson Midwest Financial LLC acquired a new stake in The Home Depot in the 4th quarter valued at approximately $40,000. 68.71% of the stock is owned by hedge funds and other institutional investors.

HD stock traded down $13.07 during midday trading on Tuesday, reaching $262.78. 315,988 shares of the company’s stock traded hands, compared to its average volume of 3,636,138. The company has a 50-day moving average price of $275.56 and a two-hundred day moving average price of $275.77. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The Home Depot, Inc. has a 52 week low of $140.63 and a 52 week high of $292.95. The firm has a market capitalization of $282.91 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be issued a dividend of $1.65 per share. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.51%. The Home Depot’s payout ratio is presently 58.54%.

A number of research firms recently commented on HD. Telsey Advisory Group upgraded The Home Depot from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $300.00 to $315.00 in a report on Monday, November 16th. Zelman & Associates upgraded The Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, February 12th. Wedbush downgraded The Home Depot from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 11th. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective for the company in a research report on Wednesday, January 13th. Finally, Morgan Stanley raised their target price on The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, December 4th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $293.25.

The Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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