Ally Financial Inc. Sells 11,000 Shares of The Home Depot, Inc. (NYSE:HD)

Ally Financial Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 78.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the home improvement retailer's stock after selling 11,000 shares during the quarter. Ally Financial Inc.'s holdings in Home Depot were worth $1,167,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $41,000. Finally, Sellwood Investment Partners LLC bought a new stake in Home Depot during the fourth quarter worth about $39,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Wedbush reissued an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird cut their price target on Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Stock Down 3.0 %

Shares of NYSE:HD traded down $10.81 during trading on Monday, reaching $344.25. 1,137,453 shares of the company traded hands, compared to its average volume of 3,461,781. The firm has a fifty day simple moving average of $369.30 and a 200 day simple moving average of $394.08. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. The firm has a market cap of $342.20 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. The business had revenue of $39.70 billion for the quarter, compared to analyst estimates of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, March 13th. This is a positive change from Home Depot's previous quarterly dividend of $2.25. Home Depot's payout ratio is currently 61.66%.

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.