Sterling Capital Management LLC Has $115.42 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Sterling Capital Management LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 296,719 shares of the home improvement retailer’s stock after selling 90,510 shares during the quarter. Home Depot comprises approximately 1.6% of Sterling Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Sterling Capital Management LLC’s holdings in Home Depot were worth $115,421,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Home Depot in the fourth quarter worth approximately $5,032,910,000. Raymond James Financial Inc. acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $2,212,546,000. Proficio Capital Partners LLC increased its stake in shares of Home Depot by 21,394.9% in the 4th quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock valued at $793,486,000 after acquiring an additional 2,030,372 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer’s stock valued at $37,251,142,000 after acquiring an additional 875,836 shares during the period. Finally, APG Asset Management N.V. boosted its stake in Home Depot by 559.5% during the fourth quarter. APG Asset Management N.V. now owns 1,032,082 shares of the home improvement retailer’s stock worth $387,706,000 after acquiring an additional 875,591 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 0.6 %

Shares of NYSE:HD opened at $353.38 on Friday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market capitalization of $351.27 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. The business has a fifty day moving average price of $376.45 and a two-hundred day moving average price of $396.27. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot’s payout ratio is currently 61.66%.

Wall Street Analyst Weigh In

A number of research firms have commented on HD. Royal Bank of Canada reduced their price target on shares of Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Hsbc Global Res upgraded Home Depot from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $434.08.

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.